FHA
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
April 2, 2020 No Comments
Hard Money Lender North Carolina
Hard Money Lender
North Carolina
Hard Money Lender North Carolina Benefits:
* Up to 90% of the purchase & 100% of the rehab
* High Leverage, Fast Close!
* No Evidence of Income or Employment
* Asset Based Hard Money Loan
* Fix and Flip Loan, Multifamily Loan
* Ground Up Construction Loan
#1 Hard Money Lender North Carolina
APPLY NOW!
Hard Money Lender North Carolina
Loans Custom Built for Real Estate Investors
Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
Fix To Rent Loan North Carolina
- 1-500+ properties
- Single-family, 2-4 units, condos, townhomes, multifamily
- 5yr, 7, 10 and 30 year terms
- Up to 90% of cost
- Up to 100% of rehab
- Up to 75% of completed value
- $70,000 – $250 million
Fix and Flip Home Loan
North Carolina
- 1-500+ properties
- Single-family, 2-4 units, condos, townhomes, multifamily
- 12 To 24 month terms
- Up to 90% of cost
- Up to 100% of rehab
- Up to 75% of completed value
- $100,000 – $250 million
MultiFamily Loan NC./
Commercial Real Estate
- 1-50+ properties
- Multifamily, condos, student housing,
- mixed use w/ majority residential
- 12, 24 mo., 5,10,30,40 year terms
- Up to 100% of cost
- $1M – $50M
- Bridge, Construction, Permanent, Refi.
CambridgeHomeLoan.com is #1 hard money loan lender in North Carolina. We have gained our reputation as the fastest hard money loan lender in multifamily loans and bridge lending because we know how critical each day is in the competitive North Carolina real estate market.
Fix and Flip Loan North Carolina
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan North Carolina Application
FIX AND FLIP LOAN NORTH CAROLINA PROGRAM SUMMARY
A “fix and flip” loan is a bridge loan or sometimes called a hard money loan used to purchase property with the goal of selling it for a profit or refinancing it to rent once the repairs are completed. A fix and flip loan works really well in these situations.
- When you need to close fast (Our quick close time is 5 days!)
- High leverage or a low down payment is required.
- The property needs funds for renovations.
- You cannot provide verifiable income (no tax returns required).
- The asset is not yet stabilized, leased up, or producing any income.
- If you want a short term loan with no prepayment penalty
At CambridgeHomeLoan.com, our fix and flip and fix to rent loans close very quickly… as little as 5 days! Fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation! We offer a 100% program and a limited documentation 90% down loan program. Fix and Flip loans are a great way to leverage your existing capital to generate more income with the ability to close & flip more projects at once utilizing bank funds! Additionally, CambridgeHomeLoan.com finances the acquisition and the rehab costs of the project.
Program Summary
| Loan Amount: | $100,000 – $250 Million |
| Term Length: | 12 – 36 Months |
| Max LTV: | 100% (90% Limited Doc) |
| Rehab: | Funded 100% |
| Amortization: | Interest only |
| Interest Rate: | Starting at 6.99% |
| Closing Time: | 5 – 14 Days |
| Loan Use: | Purchase, Rehab, Refinance Cash out refinance |
Hard Money Loan North Carolina
We provide a Fast Close for Investment Properties and Commercial Real Estate. Fix and Flip, Fix to Rent, Multifamily, Commercial real estate. We have Purchase, Refinance and Cash out Refinance programs available. Hard money Loan programs can finance up to 90% of the acquisition on fix To flip/Fix to rent and 85 – 100% LTC of commercial real estate and multifamily acquisition. We provide 100% of the construction costs. For all of your hard money needs, contact us today!
What Is A Hard Money Loan?
A hard money loan is a loan from a private or non-traditional lender. The asset being purchased is used as the collateral for the loan, reducing risk for both the borrower and lender.
Hard money loans are used for quick turnarounds between the purchase and sale of a property. They can also be used for quick home financing until the buyer secures a traditional loan.
How Does A Hard Money Loan Work in North Carolina?
A hard money loan is a way for you to borrow money for real estate without using traditional mortgage lenders. Instead, the funds come from individuals or investors who lend money based primarily on the property you’re using as collateral.
Traditional mortgage loans require proof that you can comfortably repay the debt. Lenders often review your credit scores and any income available to evaluate your creditworthiness. If you have plenty of income, savings, or can get another collateralized loan you might not need to worry.
However, the process becomes more challenging if you have a low credit score, an income source that is difficult to verify to your lender’s satisfaction, or a high debt-to-income ratio.
Hard money loans are generally short-term loans, lasting from 1,2 or three years. You use them as a quick way to get money for a purchase. However, you wouldn’t want to keep one of these loans for an extended period because interest rates for hard money are typically relatively high.
Benefits of a Hard Money Loan North Carolina
Hard Money Loans Are Approved And Funded Quickly
Real estate investors who haven’t previously used hard money will be amazed at how quickly hard money loans are funded compared to banks. Hard money loans can be funded with 3-5 days if needed. Compare that with 30+ days it takes for a bank to fund. This speedy funding has saved numerous real estate investors who have been in escrow only to have their original lender pull out or simply not deliver. This is a perfect situation for a hard money lender to step in, provide financing quickly and save the deal.
Hard Money Loans Have Few Requirements
Banks also have a list of issues that will raise a red flag and prevent them from even considering lending to a borrower such as recent foreclosures, short sales, loan modifications, and bankruptcies. Bad credit is another factor that will prevent a bank from lending to a borrower. Most banks will not lend to a borrower who already has 4 mortgages even if the borrower’s credit is perfect with no other issues.
Hard Money Loans Provide Funding For Projects That Cannot Be Financed Elsewhere
Hard money lender North Carolina provide many loans that conventional lenders such as banks have no interest in financing. A good example of this is a fix and flip loan. These projects involve a real estate investor purchasing a property with a short term loan so that the investor can quickly make the needed repairs and updates and then sell the property. In most cases, the real estate investor only needs a 12 month loan. A 12 month term doesn’t work with a bank’s business model. Banks want to lend money for the long term and are happy to make a small amount of interest over a long period of time.
One of the best places to invest in Flip houses and commercial real estate
Hard Money Loan North Carolina Program Guidelines
A “Hard Money Loan” are used to purchase property and close quickly with the goal of selling it for a profit or refinancing it to rent once the repairs are completed. A Hard Money loan is works really well in these situations.
- When you need a fast closing (Our quick close time is 5 days!)
This can help you secure a better purchase price. - If High leverage or a low down payment is required.
If repairs are needed hard money lenders look at after stabilized value - The property needs additional funds for renovations.
Many hard money loans come with 100% rehab or construction funds - If you cannot provide verifiable income (no tax returns required).
No income, tax returns or W2s required. - When the asset is not yet stabilized, leased up, or producing any income.
You can typically cash out once repairs are made with hard money - If you want a short term loan with no prepayment penalty
You can refinance at any time so your annualized interest is minimized.
At CambridgeHomeLoan.com, our hard money loans close very quickly… as little as 5 days! Our fix and flip loans and fix to rent investment real estate loans do not require personal income verification and very little documentation!
We offer a 100% programs and a limited documentation 90% down loan program as well. .
Program Summary
| Loan Amount: | $100,000 – $250 Million |
| Term Length: | 12 – 36 Months |
| Max LTV: | 100% (90% Limited Doc) |
| Rehab: | Funded 100% |
| Amortization: | Interest only |
| Interest Rate: | Starting at 5.50% |
| Closing Time: | 5 – 14 Days |
| Loan Use: | Purchase, Rehab, Refinance Cash out refinance |
Buy, Rehab, Rent, Refinance, Repeat and grow your passive income with Hard Money Loans
Hard money loans are a great way to leverage your existing capital to generate more income with the ability to close & flip more projects at once! CambridgeHomeLoan.com finances the acquisition and the rehab costs of the project.
About North Carolina–
North Carolina is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the 50 United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east,
Georgia and South Carolina to the south, and Tennessee to the west. Raleigh is the state’s capital and Charlotte is its largest city. The Charlotte metropolitan area, with an estimated population of 2,569,213 in 2018, is the most-populous metropolitan area in North Carolina, the 23rd-most populous in the United States, and the largest banking center in the nation after New York City.
The Raleigh-Durham-Cary combined statistical area is the second-largest metropolitan area in the state, with an estimated population of 2,079,687 in 2019, and is home to the largest research park in the United States, Research Triangle Park.
Hard Money Loan North Carolina
Not just North Carolina, we are serving nationwide:
Hard Money Loan Alabama, Hard Money Loan Alaska, Hard Money Loan Arizona, Hard Money Loan Arkansas, Hard Money Loan California, Hard Money Loan Colorado, Hard Money Loan Connecticut, Hard Money Loan Delaware, Hard Money Loan Florida, Hard Money Loan Georgia,
Hard Money Loan Hawaii, Hard Money Loan Idaho, Hard Money Loan Illinois, Hard Money Loan Indiana, Hard Money Loan Iowa, Hard Money Loan Kansas, Hard Money Loan Kentucky, Hard Money Loan Louisiana, Hard Money Loan Maine, Hard Money Loan Maryland, Hard Money Loan
Massachusetts, Hard Money Loan Michigan, Hard Money Loan Minnesota, Hard Money Loan Mississippi, Hard Money Loan Missouri, Hard Money Loan Montana, Hard Money Loan Nebraska, Hard Money Loan Nevada, Hard Money Loan New Hampshire, Hard Money Loan New Jersey,
Hard Money Loan New Mexico, Hard Money Loan New York, Hard Money Loan North Carolina, Hard Money Loan North Dakota, Hard Money Loan Ohio, Hard Money Loan Oklahoma, Hard Money Loan Oregon, Hard Money Loan Pennsylvania, Hard Money Loan Rhode Island, Hard Money Loan South
Carolina, Hard Money Loan South Dakota, Hard Money Loan Tennessee, Hard Money Loan Texas, Hard Money Loan Utah, Hard Money Loan Vermont, Hard Money Loan Virginia, Hard Money Loan Washington, Hard Money Loan West Virginia, Hard Money Loan Wisconsin, Hard Money Loan Wyoming
Expert Mortgage and Investment Real Estate Advice
Read More »
Uncategorized
Why Should I Refinance My Mortgage
Why Should I Refinance My Mortgage? There are many reasons you might want to consider refinancing your home. However, when we look at these types
February 10, 2019 No Comments
Bridge Loan Florida
Why Now Is The Best Time To Invest In Orlando Real Estate
Home Why Investing in Orlando Real Estate is a Smart Move in 2023 Investing in real estate is a major financial decision that can yield
August 13, 2023 No Comments
Uncategorized
Why is Tampa a Preferred Destination for Veterans Buying Homes?
Why Tampa, Florida? Why is Tampa Florida a good place for VA Loans? Unless you have been completely unaware of the real estate market over
September 16, 2022 No Comments
First Time Home Buyer
Where Can A First Time Home Buyer Get A Cash Grant
Cash Grants for First Time Home Buyers When was the last time somebody credible offered you thousands of dollars in free money? For most of
April 1, 2019 No Comments
Uncategorized
What You Need To Know About Mortgage Forbearance
Mortgage forbearance can help you deal with a temporary financial setback. You’ll be able to skip or make reduced payments for a predefined period of
July 19, 2020 No Comments
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list. From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
Why to Live in North Carolina? With great weather, a breathtaking climate, a thriving job market, and some of the nicest neighbors around, North Carolina has become one of the top destinations for young professionals, growing families, and retirees.
Hard Money Loan North Carolina – Click Here To Apply
for more information on hard money loans go to HardMoneyLoanLender.com