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What is a Private Money / Hard Money Lender ?

by Insource Funding| Posted on August 29th, 2016| Views 277

 

 

 

Private money lenders for real estate are investment businesses that specialize in investment property loans. The money comes directly from lenders who have the capital and know that real estate is a good investment. Private lending allows individuals, or groups of investors, to invest in people like you who are looking for rapid funding or a loan for an investment property.

Why Work with Private Lenders?

Private money lenders simply have a different metric for whether or not to lend you money. If you’re interested in rental property financing, but a bank has decided that you don’t need another property, a private money lender will look at the investment from a different angle.We  simply look at the property, the work that needs to be done, and the potential return on their investment and if all the numbers make sense  we will provide the funding to help you make it happen.

What Can You Fund with Private Money Loans?

Private money loans can be used to fund the investment property that has been discussed during our initial consultation . You can get rehab loans or rental property financing. You can get private money loans for just about any kind of investment property imaginable.

If you are considering a property rehab project and need funding, Insource Funding can make it happen. We lend in CA, AZ, CO, UT, TX, FL & NC, up to 80% of the property purchase price as well as 80% of your anticipated rehab costs. Give us a call today at 800.805.3391, or request a no-obligation quote online. We use a simple, streamlined process, and can fund your project in as little as 7-10 days!

Posted on:August 29th, 2016
Author:Insource Funding
Views:277