Florida refinance a home and hard money

Hard money lending, or private lending, is often misunderstood. Put simply, a hard money loan is an asset-based loan. Some people wrongfully believe that hard money borrowers are in financial trouble, when actually these types of loans were the original way to borrow money.

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With over 31 years of real estate & private hard money lending experience, we will close your loan fast with the most competitive interest rates and closing costs. We arrange both residential and commercial loans within the state of Florida

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Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs, there isn’t any profit left in the deal for you. In addition, hard money lenders have tightened up their borrower requirements over the last few years, so actually getting them to fund your deal is next to impossible!

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Mark is broker and president of Pacific Private Money Loans, one of the fastest-growing hard money loan brokers in the Bay Area.For example, many REIs don’t know that hard money loans also go by other names, such as bridge loans and private money loans. All three loans are the.

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Florida hard money loans have become an essential tool for borrowing and investing in Florida. Even well qualified borrowers are having trouble getting banks and traditional mortgage lenders to approve and close their loans. Banks have gone so far as to reduce interest rates on deposit accounts in order to drive cash away from their companies.

We provide 12-month, interest-only bridge financing for the following programs: Fix and Flip, New Construction, and Cash Out/Refinance. Private Hard Money Lenders In Florida. We provide asset-based loans to beginners and experienced investors for non-owner-occupied residential real estate that is being purchased, renovated and rehabbed.

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