You have been hit by the recessionIt is been a rough decade for the USA economy. A lot of people have emerged from the catastrophic economic recession with damaged credit. That is why Hard Money loans allows their customers what is often the means to turn their economic situation around and contribute to the rebounding of country's economy.
You are tired of red tapeAlong with the previously mentioned recession that came a slew of reactionary regulations and restrictions affecting those people who are attempting to secure financing. Traditional banks are shutting out those who they have worked with in the past who may appear to be an unsafe investment. Hard money loans come from a private lender, so those regulations stay out of the trouble.
You have enough equity but are short on cashCalifornia Hard Money lenders incentivize a different form of leverage for the borrowers. Does not matter if you are short on cash and dealing with bad credit, your financial equity makes you a safe investment in the eyes of a hard money lender. Your assets are viewed in a different, more favorable way.
It is mutually beneficial transactionIt is true that they have a high interest rate, but still hard money loans offer a degree of flexibility that is just not possible through traditional lending sources.
For an asset-based loan in California, contact Private Funds Direct and get your finances in order.
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