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Hard Money |
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Hard money - Hard money is
where the borrower receives funds based on the value of a piece of
real estate or parcel. The loan-to-value for Hard Money is typically
50%-65%, and less for raw land.
Do I need a Hard Money Loan?
Hard money is a real estate loan you obtain from a private lender,
which is secured by the property and not by you. Interest rates for
Hard Money loans are 10.5-14.5%. These loans are Interest-Only and
Non-Recourse with no Pre-Payment Penalty or Exit Fee. Up to 3-year
term available for all Hard Money loans.
Why would I need a Hard Money Loan?
We look at the asset rather than your credit. Our short-term loans
are based on the value in today’s market-place. LTV is typically, up
to 65% of the purchase price, and on commercial development 65% of
the after-completion value or 80% loan-to-cost. Everything is on a
case-by-case per today’s market-place.
Case Study: Office Building-AZ
Borrower wanted to purchase a building in which there were two other
buyers interested in the same building. We helped them secure a hard
money loan from one of our top private lenders that funded within 3
days. A rate of 10.5% with a 3-year term was provided.
Loans@PrimeauFunding.com Phone: 480.832.1616 or
Toll-Free: 800.473.3100
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"WAREHOUSE LINE "
Mortgage Warehouse Line
"NEW MARKET REPORTS"
PRIMEAU FINANCES:
Golf Courses
Shopping Centers
Self-Storage Units
Apartment Buildings
Construction
Office Buildings
Gas Stations
Refinance
Restaurants
Funeral Homes
Hotels/Motels
Mobile Home Parks
Retail Stores
Car Washes
Automotive Services
Mixed-Use Buildings
Marinas
Auto Dealerships
Retail
Shopping Malls
Raw Land
Bed & Breakfast
Assisted Living
Condotels
Parking Structures
Condominiums
Light Industrial & Warehouses
Other Income Producing Properties
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