Hard Money Loan Minneola

Hard Money Loan Minneola Benefits:

* Up To 90% Of The Purchase
* 100% of The Rehab Provided
* Fast Close! As Fast As 5 Days!
* Up To 75% of ARV
* No Limits On Properties

#1 Hard Money Lender Minneola

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Hard Money Loan Mineola
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.

Fix To Rent Home Loans

- 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 – $200 million

Fix And Flip Loan Mineola

- 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 – $200 million

MultiFamily Loan Mineola /
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.

Minneola Hard Money Loans

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

Hard Money Loan Application

How Does A Hard Money Loan Work in Minneola, 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.

Hard Money Loans 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.

Get a Quote From Nation's #1 Hard Money Lender

Hard Money Loan Minneola

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.

#1 In Hard Money Loans

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Call - (800) 826-5077

Minneola is a city in Lake County, Florida, United States. The population was 9,403 at the 2010 census. As of 2019, the population recorded by the U.S. Census Bureau is 12,595. It is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area. The Minneola tangelo is named after the city.

Things to do in Minneola

Minneola is a city of about 7,300 residents that lies just west of Winter Garden in central Florida’s Lake County.

Minneola’s location near the state’s geographic center offers visitors a variety of day-trip options, including world-class theme parks, amazing beaches on both coasts, state and national parks, and a variety of historical and cultural attractions as well.

Central Florida and Lake County in general are dotted with lakes of all shapes and sizes; they’re recreation centers for boaters, anglers, and kayakers.

Below are 6 things to do in and around Minneola that rank high on many visitor’s itineraries.