by Loan Department | Feb 6, 2019 | Blog
What is the funding amount of a hard money loan based on? Hard money lenders typically fund on a loan-to-value ratio (LTV), meaning they loan up to a certain percentage of the property’s current market value, typically 65-75%. Some may lend based on of the property’s...
by Loan Department | Feb 1, 2019 | Blog
Pro Tip: Hard Money Lenders with High Default Rates Should Always be Avoided! It’s the bottom of the ninth and there are two outs. Who is batting for you? You’ve done your research, your financial documents are ready, and you’ve found the investment of your dreams,...
by Loan Department | Dec 8, 2018 | Blog
Seduced by the possibility of huge cash returns or long-term passive income, more and more people are dropping their remote controls and jumping head first into the property investment game. But for those looking to augment their income or begin a second career as a...
by Loan Department | Dec 1, 2016 | Blog
In general, obtaining financing for an investment property can be difficult. Since conventional loans can be hard to obtain, many investors are utilizing hard money lending. But this begs the question, why don’t banks lend to investors? The Conventional Loan...