Hey, if you’re planning on flipping properties this year for some extra cash, consider getting help from an investment property lender. They’ll provide the funds you need to succeed, plus added security and an edge. Unlike traditional mortgage loans, hard money loans are based on the value of the property versus creditworthiness. We focus your loan on the property you intend to invest in.
Another reason to use hard money loans? Interest rates. Hard money loans offer higher interest rates because the ventures are generally riskier for the lender. The amount of capital that the borrower invests reduces due to the capital put in. Hard money loans have lower loan-to-value ratios as the property itself serves as protection against defaulting.
Hard money loans have a turnaround that is practically unrivaled. Real estate investors frequently opt for these loans because the turnaround can be as little as a week or two. An extended closing could mean a missed real estate opportunity, and most investors prefer loans that offer immediate results.
This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. Specializing in private money real estate loans for over three decades, we take pride in offering our esteemed clients personalized service, along with low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at https://mmprivatelending.com to fill out an application form.