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Hard Money Loan Savannah
Hard Money Loan Savannah Benefits
- Up To 90% of Purchase
- 100% of Rehab
- Up to 75% of ARV
- Fix and Flip Loan Savannah
- Commercial Real Estate Loan
- Multifamily Loan Savannah
#1 Hard Money Lender In Savannah Georgia
Hard Money Loan Savannah Georgia– 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 in Savannah can finance up to 90% of the acquisition on Fix To Flip and Fix to Rent as well as 85% of multifamily acquisition and can provide 100% of the construction costs. For all of your hard money needs in Savannah Georgia, Georgia and 47 other US states,contact us today!
Hard Money Loan Savannah 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.
Hard Money Loans Savannah Georgia
Commercial Real Estate Hard Money Loan. Great Rates! Fast Close!!
Hard Money Loan Application
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.
Benefits of Hard Money Loan in Savannah Georgia
*Qualify in 10 Minutes, Get funded in 5 days! Receive 100% of your construction funds.
90% Of Acquisition, 100% of Construction,
75% of ARV (As Completed Value)
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. A hard money loan or bridge loan can also include up to 100% of the construction cost.
Hard Money Loan Georgia
Not just Savannah Georgia Hard Money Loans, we are offering following loans as well:
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.
A hard money loan is a loan given to your borrower from a lender based primarily on the worth of the collateralized asset that is underlying. Where asset based lenders aka hard money lenders focus primarily on the value of the asset used as collateral for the loan, traditional banks and lenders focus chiefly on the credit and income of the borrower. Where traditional loans are generally for 15–20 year durations, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to acquire a rehab, or stabilize a commercial, retail, office, industrial, multi–family, or single family residential home.
About Savannah Georgia
Savannah, a city in Georgia that sits on the coast and is separated from South Carolina by the Savannah River. It’s best known for manicured parks, horse-drawn buggies and antebellum architecture. It has a historic district that is filled with cobblestoned squares and lots of parks such as Forsyth Park shaded by oak trees covered with Spanish moss. At the center of this picturesque district is the Gothic-Revival Cathedral of Saint John the Baptist.
Savannah has been proactively wooing out-of-state technology workers and companies to the metro area, creating a potential bonus for rental property investors. That’s because many tech employees are millennials, one of the prime demographic groups who prefer to rent rather than own where they live.
Add to this Savannah’s strong population and job growth, lack of land for new development, and a high quality of life and it’s easy to understand why the demand for real estate in Savannah is so strong.
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Hard Money Loans In Georgia- CLICK HERE To Qualify
#1 Hard money lender Savanna!