All real estate investors have a common need.
Money.
Depending on the project, there are various ways to use financing. Factors determining what financing to use would be the type and condition of the investment property and the amount needed to borrow.
Hard money loans are asset-based loans secured by real estate. They are common in real estate investing, especially since financing fix-and-flips/rentals can be challenging. A key feature of these loans is that they are typically short-term, often structured with interest-only payments and a large balloon payment due at the end.
Time constraints or credit history don’t always align with the requirements and restrictions placed on the loan process by conventional lenders. And this is where hard money shines by offering a simple financing alternative. They have become quite popular in today’s real estate industry as a reputable financing option to get deals done expeditiously. In popular real estate markets, time is often of the essence. Unlike a traditional bank loan, the speed and ease of a hard money loan provides the ability to negotiate a quick close on a property with competing bids.
Here at Rosegate Capital, I’ve been working with investors for over 13 years to help them with their investment goals. I pride myself in having solid relationships where my success is measured by my client’s success. This is evident in the years that I have been in business through simple word of mouth.
So if you’re in the market for a hard money loan or simply want to discuss if it’s right for you – let me know how I can help. Let’s connect.
