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SERVICESHARD MONEY - What is Hard Money? Hard money refers to private money loans generally utilized by real estate investors for quick purchase and rehab of real estate. All loans are secured by a mortgage deed of trust to protect the lender and the borrower. These loans allow up to a 65% loan to value ratio off of the ARV or After Repaired Value of the property. If there is enough equity in the property , you can obtain enough money for the acquisition, closing and rehab costs, making it a true 100% NO MONEY DOWN DEAL. These loans have higher origination fees and interest rates because of the risk involved for the lender
Example:
- Property ARV - 100k
- Purchase Price - 45k
- Rehab Costs - 15k
- Closing Costs - 5k
- Total Loan Amount - 65k
Consult with us to learn options for exit strategies.
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