With less than two months left until 2021 is here, you might be considering if next year a hard money loan is the best option for your funding needs. Let’s take a look at a few reasons why you might want to entertain going the hard money lending route.
The frequently lengthy lending process, which is often the case when working with a commercial bank, is not involved in hard money loans. At Monroe Funding Corporation, we have a group of investors willing to spend money. Through us, the process of registering and borrowing will be much easier than dealing with a bank, and all your inquiries will get punctual consideration and answers. Your best option, if you need financing fast, could be a hard money loan.
Commercial banks are wary, and they may refuse to take the loan route for certain business operations. For our investors, a business expansion considered too risky may be appropriate especially if there is a source of business revenue and there is equity. A home or company rehab, which a bank may consider to be a bad loan prospect, may be a form of business. The risk taken on by a hard money lender is covered by a higher interest rate for you to pay for this risk.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on investor resources Miami or Tampa hard money lending, please call 954-816-0388 or fill out our application.