Based on assets, hard money loans are secured via private investors or businesses through property. Monroe Funding Corporation has an extensive history of funding acquisitions for real estate investors rapidly. A hard money loan can be overwhelming to someone who has never used this approach, but as long as you take a couple of things into consideration, you can better understand and determine whether it provides the solution you need.
The first thing to know is that not all businesses saying they offer hard money loans are legitimate. There are several places where lenders will accept fees upfront but don’t follow through with the loan. To get the best solution for both parties, we individually evaluate borrowers and their assets.
The next thing to understand is that hard money loans differ from loans issued by banks. The process is different and if you’re not ready, you might be shocked. Documentation criteria, along with value assessment and how easily the funds are distributed, could be different. Although there are differences in the loan process, each lender has its distinct documentation requirements, including Monroe Funding Corporation.
If you have any doubts, give us a call and talk with one of our representatives. We will answer any questions you may have and connect you with the money you need fast.
This update is by hard money lenders 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 a hard money lender Orange County or a mortgage broker Orange County, please call 954-816-0388 or fill out our application.