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
Hard Money Lender
Hard Money Lender South Carolina Benefits:
- Up to 90% of the Purchase Price
- 100% of Rehab Costs
- 75% of ARV
- Fast Close! As Fast As 5 Days!
- No Employment or Income Required
- Fix and Flip Loan South Carolina
- Multifamily Loan
- Commercial Loan South Carolina
#1 Hard Money Lender South Carolina
CambridgeHomeLoan.com is #1 hard money loan lender South 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 South Carolina real estate market.
Hard Money Lender South Carolina
Loans Custom Built for Real Estate Investors
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 and Flip Loan South Carolina
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan South Carolina Application
Hard Money Loan South 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!
How Does A Hard Money Loan South Carolina Work?
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.
HARD MONEY LOAN SOUTH 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.
|Loan Amount:||$100,000 – $250 Million|
|Term Length:||12 – 36 Months|
|Max LTV:||100% (90% Limited Doc)|
|Rehab:||Funded 100% |
|Interest Rate:||Starting at 6.99%|
|Closing Time:||5 – 14 Days|
|Loan Use:||Purchase, Rehab, Refinance|
Cash out refinance
DOCUMENTS REQUIRED TO CLOSE
Benefits of Hard Money Loan South 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 South Carolina Provide Funding For Projects That Cannot Be Financed Elsewhere
Hard money lenders 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.
About South Carolina–
South Carolina is a state in the coastal Southeastern region of the United States. It is bordered to the north by North Carolina, to the southeast by the Atlantic Ocean, and to the southwest by Georgia across the Savannah River. South Carolina is the 40th most extensive and 23rd most populous U.S. state with a recorded population of 5,124,712 according to the 2020 census. In 2019, its GDP was $213.45 billion. South Carolina is composed of 46 counties. The capital is Columbia with a population of 133,273 in 2019; while its largest city is Charleston with a 2020 population of 150,277. The Greenville–Anderson–Mauldin metropolitan area is the largest in the state, with a 2018 population estimate of 906,626.
One of the best places to invest in Flip houses and commercial real estate
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 South Carolina? South Carolina is a good state to live in or retire to because its climate is mild, and the state is, overall, affordable. A survey by Retirement Living has ranked South Carolina as the #4 best state to retire to. South Carolina has a lower cost of living and some beautiful beaches that are warm practically year-round.
Hard Money Loan South Carolina
We are serving all of South Carolina cities including Charleston, Columbia, North Charleston, Mount Pleasant, Rock Hill, Greenville, Summerville, Goose Creek, Sumter, Florence, Spartanburg, Hilton Head Island, Myrtle Beach, Greer, Aiken, Anderson, Bluffton, Conway, Mauldin, Fort Mill, North Augusta, Lexington, Simpsonville, Taylors, Easley, Greenwood, Socastee, Wade Hampton, St. Andrews, Hanahan, North Myrtle Beach, Five Forks, Clemson, West Columbia, Red Hill, Berea, Ladson, Gantt, Seven Oaks, Dentsville, Port Royal, Cayce, Lake Wylie, Beaufort, Parker, Moncks Corner, Orangeburg, Oak
Grove, Tega Cay, Gaffney, Little River, James Island, Irmo, Red Bank, Newberry, Forest Acres, Fountain Inn, Boiling Springs, Garden City, Powdersville, Lugoff, Murrells Inlet, Laurens, Woodfield, Seneca, Sans Souci, York, Lancaster, Georgetown, Union, Lake Murray of Richland, Valley Falls, Camden, Travelers Rest, Sangaree, Clinton, Hardeeville, Hartsville, Welcome, Centerville, Bennettsville, Burton, Clover, Forestbrook, Marion, Homeland Park, Dillon, Lyman, Darlington, Lake City, Walterboro, Piedmont, Belvedere, Hollywood, Batesburg-Leesville, Chester, Central, Laurel Bay, Cheraw, Abbeville, Blythewood and all of South Carolina.
Not just South Carolina, we are serving nationwide:
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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 Tennessee, Hard Money Loan Texas, Hard Money Loan Utah, Hard Money Loan Vermont, Hard Money Loan Virginia
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