Get direct hard money loans in California for residential & commercial property purchases & refi’s. Interest rates starts at 7.99%. Call: 800-571-0887.
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Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned. The interest rates and points may vary greatly depending on the loan to value ratio.
Hard Money Financial specializes in equity-based first mortgages to investors. The qualifying process focuses on the equity in the property only. As opposed to personally qualifying the borrower. We analyze every deal on a case-by-case basis and approvals are based on the condition and location of the property and the investor’s particular needs.
Hard Loan : No Fees For Our Service. No Credit & No Collateral OK.
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High-Interest Rate One big downside of a hard money loan is that they often come with very high-interest rates. It is not uncommon to see interest rates between 10 percent and 20 percent on these types of loans. The lenders know they have the upper hand because you have very few options for.
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Average Commercial Real Estate Loan Rates for Investment Properties. On average, the loan-to-value ratio for these types of loans is between 65% and 75%. So, if you purchase a $1 million building, the lender may only give you a loan for $700,000, meaning that you’ll have to put $300,000 down.
Hard Money Loan Rates : No Credit & No Collateral OK. Best Online Payday Loans!
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Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs, there isn’t any profit left in the deal for you. In addition, hard money lenders have tightened up their borrower requirements over the last few years, so actually getting them to fund your deal is next to impossible!