Hard Money Ventures
|Posted on 26 October, 2016 at 23:20||comments (17)|
We lend up to 75% on the value of your commercial or investor real estate, and these loans are based mostly on value of your property. We do not charge upfront fees for those borrowers that sign a 10 day exclusive term sheet, that gives the terms of the Hard Money Loan that, "you", the borrower has agreed to. Without this contract signed thre is a $500 upfront fee for us possibly wasting our time with borrowers that walk away after we have spent our time, and energy working to close your loan.
However we do more than hard money loans, and as our risk goes down and your fianncial documentation increases, and your credit risk is lower for us, the rates and terms get better.