Hard Money Financing also known as Non - Conforming Real Estate Transactions or Hard Money Loans, Hard Money Financing and Hard Money in General are not for every situation, however they do have a definite place in the finance world.
What is Hard Money and Hard Money Financing ? This is Generally a term used to describe a project that most Commercial Banks do not do due to Banking regulations and amount of risk Involved. Hard Money, Hard Money Financing, Hard Money Loans or any kind of Hard Money Loan is a very special Niche Market that provids funding for a Short term. Usually 1-5 years with no prepayment penalties in most Cases. Intrest rates of 9 1/2 - 14 percent are normal rates which are Higher than a Commercial Bank. With a lender fee of 1-4 points, a due diligence fee paid up front to cover costs for a Commercial MAI Appraisal of the project, the Funding can be done within as little as 7 to 10 working days.
Hard Money Loans and Hard Money Financing are not based on the creditabilty of the Debtor but Rather, the Value and Equity of the project as determined by the M.A.I Appraiser. There are many Variations but Basically they go by a valuation of from 55 -75 percent of the Loan to Value (LTV) of the project, either in as is condition or Completed.
At Robert J Taylor & Associates, we have positioned ourselves with some of the finest Hard Money lenders in the Hard Money Financing Industry Today.
Robert J Taylor & Associates puts your Hard Money Financing package together with as much Detail as possible to keep your project on time, on track and on Budget.
For your Hard Money Loans or your Hard Money Financing Project, Robert J Taylor & Associates will be there with you throughout the whole process. With some of the finest Hard Money Lenders in the Industry, your Project can be funded in an Amazingly short time.
Contact us Today to get the process going. Remember, If You Don't Ask, The Answer is Definately NO
