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Hard Money loans
are often used to acquire, refinance or cash out
of property quickly (within 10 days) Typically,
hard money programs require very little
documentation from the borrower and rely heavily
upon the value of the real estate versus the
financial status or credit scores of the
borrower or borrowing entity. The term of the
loan is comparatively shorter in duration and
the loan repayment is generally interest only.
Globals professionals work with the borrower to
determine the most advantageous hard money
solution for their situation.
Features:
- Quick closing (less than 10
days)
- Bad credit
acceptable
- Limited Documentation
- LTV's up to 70% (higher
for experienced investor's)
- All property types
(including Land)
- Interest Only
- Loan based upon property
value, not borrowers strength |
