Hard Money Loans
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It is somewhat tough and challenging to borrow money. However, if you have something such as a property to secure the loans, the chances of loan approval increase significantly. And if you choose a private lender over a traditional one, you can make the process easy. And it’s the reason we’re here.
Commercial Real Estate Loan Pros of Fort Myers is a well-renowned organization that can help you get these hard money loans in a simplified fashion. We can help you find the right lender, file an application and get the loan disbursed in the given time.
What is hard money?
This involves the borrowing of money from a private lender rather than from a traditional mortgage lender. These funds are essentially obtained from investors and individuals who lend money by using the property as collateral. When you opt for traditional ways to get hard money loans, a lot of factors are considered by them, such as your credit score, any source of income that can be used to evaluate your creditworthiness. They want to make sure that you can comfortably repay the debt.
But getting your loan approved from traditional ways takes a long time, even if you have a high credit score. If you have some negative factors, it becomes even more challenging to get a loan. But this is not the case with private organizations like ours. The lenders here are mainly concerned with the collateral you have for borrowing the money. They are less concerned with your income and credit scores. If you are unable to pay the money due to any reason, a hard money lender can get it back by selling the collateral.
The hard money loans are offered for a short time span, from 1 to 3 years. They are a quick means of getting money when required. It is not advisable to keep these loans for a large time period as the interest rate is quite high.
Why must hard money loans be preferred?
Borrowing money from private sources is concerned with collateral. Hence, you can get these loans in a quick time span as it does not require much formality, whereas your traditional lenders spend most time examining your documents. Moreover, hard money loans are more flexible as compared to general loan agreements. Hence, there are no strict policies. You can make some changes by rescheduling the time of repayment according to your personal needs.
Why choose us?
Commercial Real Estate Loan Pros of Fort Myers is a well renowned and highly reputed organization. We are a commercial real estate loan consultancy agency. We have been working in this field for decades and are well aware of the details.
Working with deep excellence and diligent efforts, we have never left any customer unsatisfied. Customer satisfaction is our priority. Even the schemes and deals you will get here are quite affordable and cost-effective. We are a local group of experts who can find you the best deals possible. So, reach out to us today and get the amazing services we have to offer.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.