As an alternative to conventional lending, many investors are using hard money lending.One reason is because hard money lenders like Intrust Funding underwrite investment properties based on expected ARV (after repair value) rather than current property value. As a result, neither credit score nor property condition are significant factors when investors apply for hard money loans.
Leverage as defined in the lending industry is the use of borrowed capital to achieve a financial gain. Investors typically use leverage when they expect profits to be greater than the interest payable. Leveraging can significantly increase your overall cash on cash return when used properly. But what happens when you leverage too much and a deal goes wrong?
A look at the market from 2016. Since hard money lenders source their funds from private investors, a change in the federal interest rate does not have a direct effect on hard money borrowers.
The key to becoming a good investor is to use hard money loan programs to fund your profitable deals. Even more important is finding the right lender! It’s no surprise that shopping around for a lender can be a daunting task. We’re here to help make the process more streamlined.
David and Shiela Jones from Future Family Dreams, LLC., talk with us about why they choose Intrust Funding as their hard money loan provider.
Intrust Funding Ranks No. 40 on Puget Sound Business Journal’s Washington’s Fastest-Growing Private Companies List
Back in 2015, Intrust Funding was named the 40th fastest-growing private company in Washington by the Puget Sound Business Journal.When asked to describe Intrust Funding, Managing Principal Will Heaton explained, “We’re not just lenders, we’re also investors. This allows us to have a comprehensive understanding of our clients and their needs.”
In 2015, Intrust Funding appeared on Inc. 5000's list for the first time. Inc. named Intrust Funding as one of the fastest-growing private companies in North America on August 12, 2015.The award recognizes and honors entrepreneurs by ranking companies that demonstrate significant revenue increase for the past three years."The story of this year’s Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top,” said Inc. President and Editor-In-Chief Eric Schurenberg. “You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don’t achieve that kind of success by accident."
Puget Sound Business Journal Names Intrust Funding as One of the Top 50 Fastest-Growing Private Companies on the Eastside
Beginning it's award winning history, Intrust Funding ranked on Puget Sound Business Journal’s Eastside’s Fastest-Growing Private Companies list on July 16, 2015.The annual award ranks companies based on their percentage of revenue growth from 2012 to 2014. To be eligible for this award, the companies must be headquartered in Washington’s Eastside cities, and have started the 2014 fiscal year as a privately held corporation, proprietorship or partnership.
Back in 2015 our team had the opportunity to volunteer for Attain Housing. We had a great time, and we encourage you to volunteer for them too!
Those unfamiliar with the real estate or finance industries may be confused about what "hard money" lending really means. Here are the facts.