Valor Lending Group has the Top Investment Property Bridge Loans available for your personal loan scenario. Fast Close, low fees, and many different financing options available.
What are Top Investment Property Bridge Loans?
A Top Investment Property Bridge Loans are a type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private companies and /or private investors. These loans offer many advantages such as quick closes of escrow, temporary financing to get ownership of the property, great option for people with less than good credit, and out of the box financing.
What are the rate and term of a Top Investment Property Bridge Loans?
Hard money loans have terms are normally 12-36 months but can be longer. Rates are typically between 8.99-12%, but can vary due to type of asset, Loan to Value, and use. Mostly with interest-only payments so the month payment is low to make sure the payback to the investors. Fees charged on hard money loans will generally include 2-5 origination points, but also can vary on a case-by-case basis.
Hard money loans are a powerful tool for real estate investors. They are quick and flexible, providing same-as-cash purchasing power. Hard money loans are also the most viable option for financing renovations or other value add projects. If you would like to discuss your hard money options, please give Adam Lawrence today at 858-344-0323.
Types of Bridge Loans?
There are many types of hard money loans available for almost every loan scenario
- Ground Up Construction
- Fix and Flip
- 1-4 Unit Residential Purchase
- Cash Out Refinance
- Commercial
Why Use a Bridge Loan?
Every well-equipped borrower’s toolbox should have a reputable hard money funding source. Although banks are usually able to offer lower rates, banks do not offer hard money loans, their loan programs don’t allow for the same flexibility hard money lenders can afford. In addition, traditional lenders have loan committees and a more involved underwriting process, and it is not unusual for both of these to delay the loan process. Hard money loans bridge borrowers from one type of financing to another. Because of this, there are 2 main reasons to use hard money loans:
1) Speed: Same-as-Cash Purchasing Power
One of the main reasons to use hard money loans is their speed. Hard money loans can be closed much quicker than traditional loans, offer in 1-2 weeks, sometimes quicker. Some of the best hard money lenders are able to make their underwriting decisions and issue a term sheet on the first phone call, and some are even able to fund loans in 24 hours! For those needing a quick close with minimal documentation, hard money loans are a great fit.
2) Temporary Financing Needs
Hard money loans are simpler and quicker than traditional loans, and there are two main categories of temporary financing situations in which hard money loans make sense: (1) Property needs to be stabilized; and/or (2) Borrower’s financials need to be stabilized.
Valor Lending Group Other Products
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
