Fastest Hard Money Loan Lender in Destin | Great Rates & Terms
Hard Money Loan Destin- Best Hard Money Lender Destin offering great rates and terms for fast close your hard money loan requirements.
Hard money loans refer to financial assistance provided by non-institutional lending institutions. A lot of hard money lenders provide fast funding with attractive rates of interest.
You, the borrower will need to do an exhaustive background check of the lender and their business. However lending to hard money companies can be a huge advantage when you are trying to finance your real estate investment.
What are the reasons to think about Destin for the Real Estate Investment In the period of 2021-2023 the median sale cost for the Destin area property was $290,000, and the median rental cost for a one-bedroom apartment was $1,420. There is 9% increase in real estate prices relative to prior to 2000. That's why, the Destin is considered as the fast-growing real estate market to investment.
Our Hard Money Loan Features:
- RATES BEGINNING at 6.99 *+
- POINTS AS LOW AS 1.50*
- 3-year TERM INTEREST FOR ONLY 1-3 YEARS
- UP TO 90% LTV!
- NO PREPAYMENT PENALTIES*
- A QUICK 7 DAY CLOSING
- BROKERS WELCOME
- NO TAX RETURNS OR Verified INCOME DOCS are required.
- MINIMUM LOAN AMOUNT $100-$100 MILLION
- LENDING AVAILABLE across the nation for commercial loans
- N/O/O RESIDENTIAL PROPERTY, BUSINESS USE PURPOSE & INVESTMENT PROPERTY ONLY
- 30 Year Rental Program with Rates starting at 5.49%
The advantages of our hard Money Loan programs:
Quicker approvals: Investors are able to obtain pre-approval for a money loan in one to two days when they have the required documents. The primary focus of lenders who offer hard money is on whether the asset has good market value and that the equity of the borrower is at or above 20 percent. As opposed to conventional loans which can take up to 30 days, hard money loans can be completed in as short as one week. When inquiring about the hard money lender, a crucial question to be asked is how quickly they can finance.
Flexible payments: Private lenders provide greater flexibility in modifying your repayment plan. This option is not yours if you are dealing with a large financial institution. Instead, you will have to accept the payment terms that are set by the bank. With a private lender you can talk with them and reach an agreeable repayment plan that you feel is right for you.
A Fewer Requirements: If you are applying for a loan at an ordinary financial institution You will have to satisfy a variety of strict requirements, like the amount of your income, your experiences, etc. It's not a secret that bank approvals can become an overwhelming process. It is probable that you won't be burdened with so many requirements by a hard money lender. If you own an asset of high value with at minimum 20% equity in the asset, there are good chances to be eligible to receive the loan.
Zero penalties for prepayment If you take out a loan from an established bank, you may be subject to prepayment penalties if you pay off the loan before the maturation date. Most fix and flip lenders do not have prepayment penalties. So if you come across extra cash and decide to pay your loan before the due date, you can be sure to do it without having to worry about being penalized.
Credit history isn't a major problem for big lending institutions, your credit score can have a major impact on whether or not you are accepted for a loan. Private hard money loan lenders place less importance on poor credit histories. This is because of the fact that a private lender bases the approval of loans on property values, borrower equity, etc. These factors are essential to ensure that you have the chance of getting a loan.