We are a hard money lender here to serve your investment borrowing needs. Our specialty is non-owner occupied residential or commercial property. There are no personal qualifying requirements because our loans are equity-based only. This means we can close quickly and hassle-free.
Hard Money Loans for Real Estate purchases and refinances (also known as Private Money) have become more popular. Ever since lending institutions tightened their loan requirements, frustrated Brokers, Realtors and their buyers and investors have been seeking a viable and reliable source for.
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Hard Money Loans offer flexible qualifying guidelines being that there’s no income documentation couple with being credit score friendly — only a 500+ FICO is needed. Payments are also kept lower since the Hard Money Loan program offers interest-only payments. Ultimately, a Hard Money Loan is perfect for those seeking short-term financing.
So, statistically, owner occupied loans don’t get foreclosed upon, the loan to values are good, they have an ability to repay the loan, they have an exit strategy, they pay the property taxes and insurance monthly, they do a consumer credit counseling class and the properties will likely appreciate in the coming months and years.
What are Hard Money Loans? Hard money loans are also known as private money loans.These are short-term loans secured by placing real estate as the collateral. They are funded by private investors or companies and sourced by Capital Market Funds LLC of Phoenix, AZ.The amount of the loan depends upon the value of the property in consideration.
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Owner occupied loans require the lender to verify the borrower’s income and ensure they are able to stay below a certain debt to income ratio. Conventional lenders and hard money lenders are forced to comply with these regulations. Borrowers are in need of hard money loans for their primary residence for various different reasons.
Whether you’re seeking a hard money personal loan for a primary residence, an investment property, or a fix-and- flip opportunity, we are ready to lend you cold, hard cash today. zeus hard Money’s lending experts are standing by to answer any questions you may have about the loan process before you borrow.