Hard Money Loan Fort Meade Florida

Hard Money Loan Fort Meade Florida Benefits:
* Up to 90% of Purchase
* 100% of Rehab
* Fast Close! As fast as 5 Days
* Hard Money Loans, Fix and Flip Loans
* Multifamily Loans, Ground Up Construction Loans
* Purchase, Refinance, Cash Out

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Home » Hard Money Loan Fort Meade Florida

Hard Money Loan Fort Meade Florida
Custom Loans For Real Estate Investors

Fix To Rent Home Loan

- 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 Loan

- 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 /
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 – $250M

- - Bridge, Construction, Permanent, Refi.

Fort Meade Hard Money Loans

Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!

Hard Money Loan Application

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 is works really well in these situations.

When you need a fast closing (Our quick close time is 5 days!)
When high leverage or a low down payment is required.
When the property needs funds for renovations.
When you cannot provide verifiable income (no tax returns required).
When the asset is not yet stabilized, leased up, or producing any income.
When 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! 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% 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! 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

How Does A Hard Money Loan Work in Fort Meade, Florida?

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 one to 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. For instance, the average interest rate for hard money loans in 2020 was 11.25%

Benefits of Hard Money Loan

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.