How To Qualify For A hard money loan How to Qualify for a Hard Money Loan Make Sure the subject property works for the Lender. Do NOT Have Fraud Convictions on Your Record. Have a Credit Score at Least in the Mid-500s. Have Experience. One of the major red flags for any hard money lender is total lack. Be Able to Show You Have.Hard Money Contract
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Maggio Capital is a proven and trusted california hard money lender. We specialize in equity-based, residential and commercial real estate loans from $50,000 to $5,000,000 for up to 5 years. Speak to a decision maker today and open up new opportunities to achieve your financial goals.
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Due to this higher risk involved on a hard money loan, the interest rates for a hard money loan will be higher than conventional loans. Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned.
Hard Money Financial specializes in equity-based first mortgages to investors. The qualifying process focuses on the equity in the property only. As opposed to personally qualifying the borrower. We analyze every deal on a case-by-case basis and approvals are based on the condition and location of the property and the investor’s particular needs.
Hard money lenders for California real estate. PeerStreet hard money lenders have local market knowledge and underwriting experience. Our lenders provide hard money loans for California, including fix and flip, fix to rent, buy to rent, refinance, commercial and bridge loans.
Private Hard Money Loans. We provide fast, equity based hard money funding for loans on residential property as well as commercial loans and land loans, regardless of credit score. For private loans, hard money loans, and bridge loans in California please call us or apply online with our 2 minute quick online application.
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