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Hard Money Solutions: Your Key to California Real Estate Success
A California-based private money lender specializing in short-term real estate loans, we offer the fastest and most reliable funding options on the market. Our commitment to excellence has positioned us as a leading force in the real estate investment lending sector. Explore expert insights and navigate the real estate landscape with us. Discover the power of swift and flexible hard money loans, redefining success in California real estate and beyond. Tap into Troy's wealth of knowledge – your key to informed and profitable investments.
Results-Driven Hard Money Solutions You Can Count On
In general, hard money refers to loans that are backed by the value of a physical asset, typically real estate. These loans are often used by real estate investors who need quick access to funding and may not qualify for traditional bank loans due to factors such as poor credit history or the property's condition. Hard money loans typically have shorter terms, higher interest rates, and are secured by the property itself, making them a valuable tool for investors looking to leverage their assets for growth and opportunity.
Let our experience be your guide.
Experience the confidence of navigating the complexities of hard money lending with our seasoned expertise as your guide. Trust in our wealth of knowledge to navigate your real estate investment journey with confidence.
200k to 5M
1st & 2nd Position Loans (No Appraisal)
For Owner & Non-Owner Occupied properties.
Loan-to-Value (LTV): 60-65%.
5-Day Close available
No Minimum Credit Score required.
Supports Foreclosure Bailouts.
California Only.
Fix & Flips
Financing: 70-90% of purchase price + 100% of Renovations.
10-Day Close.
12-Month Term available Nationwide.
1st Position Loans (High LTV)
For Residential: 75% LTV.
For Commercial: 70% LTV.
Terms: 5 & 30-year options available nationwide.
Fill out our Quick Quote form on the button below, or email me directly to review your scenario. I'm committed to finding innovative solutions for unique deals and am always ready to get creative.
The Broker who consistently achieves the results you demand
Count on the guy who consistently delivers the results you need in hard money lending for your real estate investments.
Montana Jones
Montana is a determined entrepreneur with big dreams of flipping houses and creating a thriving real estate business. However, her ambitious plans were temporarily stalled due to a lack of available funds for her latest project. Fortunately, Troy stepped in with fast and flexible hard money lending options, providing Montana with the financial support she needed to kickstart her project without delay. With Troy's assistance, Montana is now able to move forward with confidence, knowing that she has the resources necessary to turn her vision into reality.
Benjamin Reed
Benjamin is a seasoned property developer with a proven track record of successful projects. However, his latest endeavor hit a snag when traditional financing options fell through at the last minute. Faced with a tight deadline and the risk of losing out on a lucrative opportunity, Benjamin turned to Troy for help. With his extensive knowledge of hard money lending, Troy quickly provided Benjamin with the funding he needed to keep his project on track. Thanks to Troy's prompt assistance, Benjamin was able to overcome the obstacle and complete his project ahead of schedule, leaving him grateful and satisfied with the outcome.
Frank Sanders
Frank is a passionate real estate investor with a keen eye for lucrative opportunities. He's always on the lookout for properties to add to his portfolio, but his latest venture required quick funding to secure a promising deal. Thanks to Troy's expertise in hard money lending, Jackson was able to obtain fast funding, allowing him to swiftly close the deal and move forward with his project. With Troy's help, Frank is now on track to turn his investment into a profitable success, and he couldn't be happier with the outcome.
98%
Close Ratio!
97%
On Time Closing!
Allow our knowledge to lead the way.
Navigate your journey with confidence. Trust in our expertise to lead you to success!
Fresh Reads: Stay on top of the latest blog content.
The Power of Hard Money Loans: A Comprehensive Guide
The Ultimate Guide to Hard Money Loans: Everything You Need to Know
Welcome to our comprehensive guide on Hard Money Loans! Whether you're a seasoned investor or a first-time borrower, understanding the ins and outs of hard money loans can open new doors for your real estate ventures. Let's dive in!
What is a Hard Money Loan?
A hard money loan is a type of financing secured by real property. These loans are typically used by real estate investors for short-term needs such as flipping houses or other investment opportunities.
Snippet: Quick Fact
Hard money loans are often easier to qualify for compared to traditional loans, as they focus more on the property's value than the borrower's credit history.
Key Features of Hard Money Loans
Speed: Quick approval and funding, often within days.
Flexibility: Customizable terms to suit your investment needs.
Collateral-Based: Loan amount based on the property’s value.
Snippet: Did You Know?
Unlike traditional lenders, hard money lenders may offer more flexible terms and can approve loans even if you have a less-than-perfect credit score.
How Hard Money Loans Work
Application: Submit details about the property and your investment plan.
Approval: Lenders assess the property's value and your plan.
Funding: Receive funds quickly, often within a few days.
Interactive Element: Case Study
Click here to read about how John used a hard money loan to flip a distressed property and made a 25% profit within 6 months.
Pros and Cons of Hard Money Loans
Pros:
Quick Access to Funds: Perfect for time-sensitive deals.
Less Stringent Requirements: Great for borrowers with low credit scores.
Flexible Terms: Tailored to your specific needs.
Cons:
Higher Interest Rates: Can be more expensive than traditional loans.
Shorter Terms: Typically need to repay within 1-3 years.
Risk of Foreclosure: If you default, the lender can seize the property.
Snippet: Tip
Always have an exit strategy before taking a hard money loan to ensure you can repay on time and avoid foreclosure.
Who Can Benefit from Hard Money Loans?
Real Estate Investors: Those looking to flip properties quickly.
Borrowers with Bad Credit: Who might not qualify for traditional loans.
Individuals Needing Fast Cash: For urgent property deals.
How to Find a Reliable Hard Money Lender
Compare Terms: Check interest rates, fees, and terms from multiple lenders.
Meet In Person: If possible, meet the lender to discuss your needs and assess their reliability.
Final Thoughts
Hard money loans can be a valuable tool for real estate investors and those needing quick financing. By understanding how these loans work and what to look for in a lender, you can make informed decisions that will help you succeed in your real estate ventures.
If you have any projects or scenarios you'd like us to provide a quick quote for, please follow the link now. Quick Quote Here!
The Mortgage Broker who delivers results.
Your success in real estate starts here.
Equal Housing Opportunity | HomeFrist Mortgage Bankers - ™ 2024 | Mortgage Loans | Company NMLS: 1373777 & 1795353 | NMLS consumer access: https://www.nmlsconsumeraccess.org/ This material is intended solely for the use of licensed mortgage professionals and real estate agencies. Distribution to consumers is prohibited as defined by section 1026.2 of Regulation Z, which implements the Truth in Lending Act. HomeFirst Mortgage Bankers does not provide legal advice, and nothing here should be relied upon as legal advice. Program and rates are subject to change without notice. Not available in all states. Terms subject to qualification. HomeFirst Mortgage Bankers is a residential and commercial real estate mortgage broker firm. This is not a commitment to lend. Restrictions may apply. LTV limits are based on current, accurate appraised value. HomeFirst Mortgage Bankers reserves the right to amend rates and guidelines. All loans are made in compliance with federal, state, and local laws. HomeFirst Mortgage Bankers is a California Mortgage Broker under DFPI & NMLS #1373777 & 1795353.