A hard money loan is a specific type of asset based loan financing in which the borrower receives funds which are backed and secured by a parcel of real estate. Because of the expedient nature of hard money loans, interest rates are generally higher than conventional commercial or residential property loans. A hard money loan is very similar to that of a bridge loan, however the primary difference is that a bridge loan often refers to commercial or investment properties that may be currently in transition and do not currently qualify for traditional loans. Often, borrowers in need of a hard money loan are in distressed financial situations, such as arrears on an existing mortgage, bankruptcy or foreclosure.
We lend up to 80% LTV (loan to value). This means that if your property is worth $100,000, we would lend you $80,000.
Absolutely not! Whether you have bad credit, good credit or no credit, HardMoneyArizona.net will get you funded!
Yes, we can fund you regardless of your loan program!
Call us today (480) 744-6FUND (6386) to get started NOW! Or click here to contact us directly via the web.