Hard Money Loans 2021 | 3 Options | Valor Lending Group | Typically without an appraisal*

Hard money loans, also known as Bridge loans, Flip Loans, and Cross loans are a type of loan program that real estate investors usually use. It is not like a traditional loan, you cannot get one through just any conventional lender, most traditional lenders do not offer hard money loans. Private individuals or companies are what you will deal with instead of banks when using a hard money loan program. Going the hard money loan way generally is quicker and simpler for many borrowers, although it can be a quicker process the interest and fees will go up and it will be more costly.

Valor Lending Group has the right connections to get a hard money loan locked and loaded for you today.

Valor Bridge Owner Occupied:

Do you need to pull cash out of your primary residence for a business purpose?

Property being used as the borrower primary residence
terms of up to 11 months
Max LTV of 72% on 1st TD | Max CLTV 65% on 2nd TD
No Prepayment Penalty
Interest Only starting in the 9’s

*Owner occupied for California Properties ONLY

Valor Investment Property | Non Owner Occupied:

Property being used as the borrowers investment property

Terms 1 to 2 year
Max LTV of 80% | note: Are you buying below market value? We can use the higher “as is” value with as little as 10% down!
No Prepayment Penalty
Interest Only starting in the 7’s

Valor Cross- Collateral Loan:

Do you have a portfolio with properties that have available equity?

Leverage for 100% financing when crossing other real estate owned at 65% CLT for 100% Financing
Terms of 1-2 years
Max CLTV of 65%
No Prepayment Penalty
Interest Only starting in the 9’s

**no Appraisal Subject to lender discretion on a case by case basis

Advantages and Disadvantages of Hard Money Loans:

1) Pros of Hard Money Loans

Speed – Streamlined Process – Faster than traditional loans
Flexible temporary financing solutions
Viable option to finance rehab and value add projects
Less focused on credit history
Minimal documentation and asset verification
Interest-Only Payments available

2) Cons of Hard Money Loans

Larger down payment may be required
Generally, more expensive than traditional loans
Balloon payment requires good take out strategy (this is not a con for savvy investors!)

Needs for Quote (email Stefanie the following):

Property Address:
Purchase Price (for Purchase):
Property “as is” Value:
Current Balance (for Refinance):
Total Monthly Rents (confirm if long term or short term Airbnb leases):
Monthly Taxes and Insurance:
Approx Credit Score:
Vesting in and Entity or Individual name:

Other Programs Available | Hard Money Loans 2021:

Hard Money Loans
Fix and Flip Loans
Commercial Loans
Save your Deal | We Save Deals

We are never too busy for your referrals!

For the most up to date mortgage news visit: Mortgage News Daily