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. 

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

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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.

  • Alternate definition: A loan that bridges the gap between an investment purchase and long-term financing
  • Alternate name: short-term bridge loan

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.

These loans are generally used in the real estate industry. Some investors buy homes in need of repairs, fix them up, and then sell them for a profit. This is known as flipping and can be hard to get financing for.

Other real estate investors might use hard money loans for commercial or rental properties if they can’t find conventional financing.

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 loan

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 Hard Money Loan in 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 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 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.

One of the best places to invest in Flip houses and commercial real estate

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Not just North Carolina Hard Money Loans, we are offering following loans as well:

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 – $100 million

Fix To Flip Home Loans

    • 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 – $100 million

Multi Family /
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 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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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

We are serving all of North Carolina cities including Charlotte, Raleigh, Greensboro, Durham, Winston-Salem, Fayetteville, Cary, Wilmington, High Point, Concord, Asheville, Greenville, Gastonia, Jacksonville, Chapel Hill, Huntersville, Apex, Burlington, Rocky Mount, Kannapolis, Mooresville, Wilson, Wake Forest, Hickory, Holly Springs, Indian Trail, Salisbury, Monroe, Fuquay-Varina, Goldsboro, Cornelius, New Bern, Garner, Sanford, Morrisville, Matthews, Statesville, Thomasville, Asheboro, Mint Hill, Kernersville, Clayton, Leland, Shelby, Carrboro, Clemmons, Waxhaw, Kinston, Lexington, Knightdale, Boone, Lumberton, Harrisburg, Elizabeth City, Lenoir, Hope Mills, Mebane, Mount Holly, Pinehurst, Morganton, Graham, Havelock, Murraysville, Albemarle, Stallings, Southern Pines, Eden, Roanoke Rapids, Hendersonville, Davidson, Henderson, Belmont, Laurinburg, Reidsville, Piney Green, Lewisville, Weddington, Newton, Archdale, Spring Lake, Myrtle Grove, Lake Norman of Catawba, Elon, Smithfield, Kings Mountain, Lincolnton, Summerfield, Tarboro, Mount Airy, Pineville, Winterville, Waynesville, Washington, Wendell, Hillsborough, Morehead City, Rolesville, Rockingham, Gibsonville, St. Stephens, Wesley Chapel, Oxford, Aberdeen, Kings Grant, Dunn, Black Mountain, Conover, Butner, Oak Island, Clinton, Ogden, Roxboro, Fletcher, Woodfin, Brevard, Marion, Siler City, Cullowhee, Kill Devil Hills, Etowah, Half Moon, Oak Ridge, Porters Neck, Forest City, King, Mills River, Hampstead, Trinity, Zebulon, Unionville, Carolina Beach, St. James, Silver Lake, Marvin, Selma, Cherryville, Hamlet, Boiling Spring Lakes, Dallas, Stokesdale, Mocksville, East Flat Rock, Westport, Walkertown, Nashville, Wrightsboro, Bessemer City, Cramerton, James City, Angier, Williamston, Moyock, Long View, Swannanoa, Sawmills, Wadesboro, Pleasant Garden, Whispering Pines, Ayden, Granite Falls, Seven Lakes and all of North Carolina.

Not just North Carolina, we are serving nationwide:

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