When looking for a hard money lender in Pennsylvania, compare their reputation, location, and loan terms. It makes sence to work with a local or regional company that knows your market. Referrals from other investors ...
When looking for a hard money lender in Virginia, compare their reputation, location, and loan terms. Referrals from other investors are a great way to find hard money lenders or private lenders. Most lenders attend ...
Most hard money lenders that use private capital don’t require a standard appraisal. However, they may use a broker price opinion (BPO), an internal valuation, or a comparative market analysis instead of a full formal ...
Hard money lenders in Virginia typically charge an annualized interest rate and points (fee paid as a percentage of the loan amount). Expect to see interest rates for a hard money loan between 10% and ...
Yes, most hard loans are structured up to a 12 month term but usually don't have a prepayment penalty so you can pay the loan off at anytime. Look for this language written into your ...
Yes, most hard money lenders prefer a higher credit score BUT they don't have a minimum credit score requirement. However, if the credit score is lower the lender might require a higher downpayment, additional collateral ...
Most hard money loans require monthly payments, while others may have interest-only payments or even balloon payments at the end of the loan term. Here are some common payment structures: Interest-Only Payments: Common for short-term ...
Yes but keep in mind Hard money lenders (that lend their own funds) have no minimum credit score because they focus more on property value and overall real estate projects. Although lower scores may still ...
One of the greatest things about a hard money loan is the speed at which you can get one. Approvals are typically granted within 24 hours and settlements can take place in less than a ...
Yes, most hard money lenders in Virginia require a down payment, typically ranging from 10% to 30% of the property's purchase price. The exact amount depends on factors like the lender’s risk tolerance, credit score, ...
Hard Money Bankers, LLC
10015 Old Columbia Rd, Suite H-125 Columbia, MD 21046
800.883.8290 | info@hardmoneybankers.com
All Rights Reserved. Hard Money Bankers, LLC makes commercial, business purpose loans. Loans are for investment purposes only and not for personal, family, or household use. Loan product availability may be limited in certain states. This is not a commitment to lend. All loans are subject to borrower underwriting and credit approval, in Hard Money Bankers sole and absolute discretion.
800.883.8290