Hard Money Lender
Private Hard Money Lender
Quick Process. Secure Funding. At syberloans.com, we have established a network of local hard money lenders to help you get the funds you need for your real estate deals, fix&flips, land and lot development. After you fill out the short and simple loan request form on the top of the page, we will connect the best rated hard money lender with you. |
You just need have a good deal. Ideally, the lenders want you to have a property under contract but it's not required to entertain your request. Have the address, the asking price, the rehabs cost, if any, and your exit strategy ready to present to the lender. The more you know about your project the better. Hard money lenders are very experienced with rehabs and will know the comps without looking at the data. Present a realistic project with definite numbers. Try not to have any ranges. Identify and present the worst case scenario to the lender (the bottom prices, the longest timeframe for permits and construction, sale or refinance). The lender or one of our representative will contact you to gather more information and will present approximate terms for your review. If you are unhappy with the terms of a loan from a lender, you can use the application again to look for a different lender. Syberloans does not charge you any fee for using our service.
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A hard money loan is a short-term financing option used to fund the purchase of an investment property. Hard money loans are generally used by real estate investors for fix-and-flip projects, renovations of rental properties, or simply to facilitate the speedy purchase and transfer of real estate. They give investors flexibility and speed when investing in realestate. Investors typically like hard money loans when they need quick pre-qualification, a fast time to funding, few borrower qualifications, interest-only payments, a short loan term or when they need to finance a rehab.
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The benefits of a hard money loan are the same for the developer who’s just developing into the industry are the same as they are for the lifelong real estate entrepreneur. Determining whether a hard money loan is the right choice for you is a decision based on the nature of your investment, not on the amount of experience you have as a developer.
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