What is a Hard Money Loan?
Hard money loans are the choice of many real estate investors looking for a quick return. Quick response, funding for rehab costs, and more are part of the benefits of hard money lending. Most of our clients have the property under contract and now need to secure the funding by linking with the right private lenders for real estate, including commercial real estate loans, and "fix and flip" loans.
The goal is to leverage the resources you have for a quick turnaround. For many flippers, hard money lending is the way to do this. This is a great opportunity for those looking for private lenders for real estate throughout Boca Raton, Coral Springs, Deerfield Beach, Fort Lauderdale, North Miami, Pompano Beach, FL, and the surrounding areas.
Common Questions about Hard Money Lending
Graceful-Lending is your connection to over 135 private lenders for real estate.
Private money lenders for real estate are the key to finding the complete mortgage and rehab funding for projects that turn a high profit quickly. Speed is the key here, both for securing the loan and then paying back hard money loans. You are getting the necessary financing faster than a traditional bank loan and are expected to pay it back within a short period of time.
The interest rate is higher and tied to your credit score. However, we have the most competitive pricing so you will still be getting the best deal by going with Graceful-Lending. Remember, the goal is to flip as quickly as possible while making a large profit. Hard money loans are the vehicle that will allow you to do this.
The key to getting the hard money loans fast is to have all your paperwork ready. The loan process cannot be started until we have the paperwork in hand. We find more experienced borrowers have the advantage because they are prepared with all the necessary documents. However, with the right preparation, any investor can move quickly.
Almost anyone looking for private lenders for real estate will find the right match. You might pay more, but since we have access to 135 lenders, we can still find the right one for you.
We work through a large network of national private lenders for real estate and for property throughout the country. Our specialty is Boca Raton, Coral Springs, Deerfield Beach, Fort Lauderdale, North Miami, Pompano Beach, and the surrounding areas.
We know that the costs of purchasing property in South Florida and the rehab costs can be high. For you to do your “fix and flip” we’ll find you the right private money lender with the capability of lending from $50k - $10 million.