Hard Money Loans to purchase Real Estate!

Hardmoneyloans.org will help real estate investors and future homeowners to purchase new residential properties. We all know by now that the market is for the buyers out there and we all want to invest our money, it is the American dream, right? So we have decided to help you all to purchase new real estate. Hard money loans is not only for investments, it’s also for home owners that are lving in the property, but mainly help investors to flip properties and make money from real estate.

We get a lot of requests from real estate investors that need hard money loans to purchase foreclosures, REO’s and short sales out there. We understand that you want to take advantage of this great time to purchase real estate and make some real money without working so hard, I can’t blame you for wanting that. We can help you do that with little to no money in the deal.

The way it works is very simple, Hard money lenders are interested in a good property just like you do. If you find a property out there that have good equity(Value- Debt= Equity) then we will do business with you for a long time. Hard money loans are not about good credit or bad credit, high income or low income, we want to see equity and if you can get that we are in business.

Let’s see what we would want from you in order to purchase real estate:

1. We want to see the address of your potential new property and get an appraisal done right away. We can always get you our appraisers to get this done fast and easy.
2. We want to know the situation of the property. Is it in foreclosure, is it an REO, is it in short sale, is it in a regular sale? We will need some details about the property. Again we can always pull title for you and get all this information, but it’s better if you are ready with it.
3. In some cases we will ask for your credit report or your company’s credit report, but please understand that WE DON’T CARE FOR CREDIT!!! Bad credit is OK.
4. We will ask to see the income the subject property have(if it’s an investment) and to understand your exit strategy.
5. We want to see that you have some money in your bank. I’m not talking about Millions of dollars or hundreds of thousands of dollars(unless if the purchase price is really high), we want to make sure you can pay the new loan you have now with our hard money lenders.
6. We require down payment in some cases, depends on the situation. We loan up to 100% LTV in some cases. we need to see your deal and then we will tell you if we can do it 100% or not.



What it will cost you to get a hard money loans:

1. Interested rates of 8.95% up to 15%. Every scenario is different so after looking at your deal we will know your interest rate.
2. Fees and points are 5 to 8 depends on your scenario. Again every deal is different and we can never compare one to another.
3. Term of the loan will be anywhere between 6 months up to 5 years.
4. There is no prepayment penalty involved, so you can pay your hard money loan at any time.

Los angeles Hard money