Saturday 25 August 2012

Financing with Hard Money Loans


San Francisco hard money lenders
Financing with hard money loans is a great option for investors and businessmen. It is a fastest way to access capital for completing business transactions. This is in contrast with conventional bank loans. Traditional bank will give loans to borrowers after large verification process. Hard money loan is risky asset-based loan for a business. Hard money loans are mostly applied when company needs loan in emergency and unfortunately no other means of loan can be adopted. Only that time is suitable for hard money loan.

Hard money lenders are individuals or companies that have funds available for investment. To be a hard money lender, they have to be flexible and able to move quickly to take advantage of lending opportunities in the marketplace. When business is in such conditions in which your business cannot adopt any traditional loans then hard money loan is the way mostly adopted for small business. Hard money loans for small businesses are mostly taking in emergency conditions. There are many lenders which are ready to finance hard money loans, these lenders mostly are San Francisco hard money lenders and California hard money lenders.
How to Get Hard Money Loans

Hard money loans
Hard money loans not based on trust or reference to the borrower, it is based on the collateral which the borrower offers to the lender. The amount of loan depends upon the collateral given by the borrower to the lender. Credit score of the borrower doesn’t matter but the amount of collateral does matter a lot. If the amount of loan increases the ratio of property then borrower should arrange more collateral by adding his personal assets in property.

Loan to value Ratio


Entire value of collateral is not used, a loan to value ratio is calculated and according to it further dealing is continued. The loan to value ratio is basically the percentage of properties value. Loan to value ratio of hard money is calculated by dividing loan value / appraised value of property. As much the as the ration increase it decreases the chance of getting loan. Mostly lenders measure their risk by this ration. San Francisco hard money lenders also measure the risk by this approach.

Interest Rate


Interest rate on hard money is mostly higher than other traditional approaches because the risk involve in hard money loans are more than other traditional means. California hard money lenders mostly charge 12% to 29% interest on their hard money where as the small business has to pay 4% to 8% interest. The other terms on a hard money loan are also less favorable than on traditional loans.

Wednesday 1 August 2012

Hard Money Commercial Mortgages: What You'll Need to Get Approved


San Francisco hard money lenders
There are many alternatives of traditional financing. One such alternative is hard money commercial mortgages. It is another financing option available to buyers. Hard money commercial mortgages are harder to get as compared to  traditional home mortgage. Hard money commercial mortgages are harder to obtain due to risk associated with it. Hard money lenders will take on buyers that regular lending institutions will not approve. They take the riskier business because your property becomes your collateral. A commercial mortgage is not the same as a residential mortgage. A commercial mortgage applies to commercial buildings or businesses. Business people take out commercial mortgages.

The U.S state California is popular for hard money lending business. California hard money lenders are known for professionalism services in hard money loans business. They finance their clients  in swear conditions when conventional banks refused to help. Lenders disburse the money on the basis of the value of property you are buying. They are never concerned about your credit rating. Even people with CCJs, arrears, bankruptcy etc are eligible for hard money loans. So, it is better to look for a hard money loan instead of a traditional loan when you need a comprehensive amount and are in urgency.

Hard money commercial mortgages are offered by private institutions so there are certain items a borrower need to ensure your approval. Firstly as a borrower you have a business proposal. You must have a complete detailed plan. The plan should address the project you are trying to fund. It should explain vision for the property. Give the lender some insight as to what you are trying to do.

California hard moneySecond thing is you have a complete financial analysis. The financial analysis should detail the budget on the project, financial projections, market trends, and equity. These items demonstrate to the hard money lender the viability of your investment property. Hard money lenders want to invest their money into a property that can guarantee to profitable turnover. You must do your research in selecting a commercial property. Make sure that the property you selected has shown great potential in being profitable. This will improve your chances of obtaining a hard money commercial loan.

At last I would suggest if someone need finances to complete business transactions he should apply for hard money lending. It would help him in solving his problems. It would also be helpful in achieving business goals and tragets.

If you want to know more about Hard Money Loans or interested to get loans, do contact us at:http://www.equitycoalition.com/contact/

Tuesday 31 July 2012

Bad Credit Hard Money Loans


California hard money lender
If someone suffers from bad credit, it does not mean he is a bad person. It also does not mean that he should not give opportunities to better his situation. He must avail different options for exiting from this problem. One solution is hard money equity loans. These lending institutions provide residential and commercial loans. They are different from traditional bank loans. They can finance you in short time. They can help borrowers having bad credit. They can never let you go in hard times.

Hard money lending is a great source of funding for real estate investors. Real estate business need large amount of capital for completing business transaction. The conventional bank loans do not fulfill the requirements of real estate investors. These traditional banks require long income verification and other processes for qualifying for loan. Therefore, investors avoid this type of funding and prefer hard money lending to take advantage of ongoing projects.

Hard money loan is a source of refinancing and funding business. It is special type of real estate loan which is backed by the value of property not by the financial condition of the borrower. Whether your deal is a commercial construction project, a high rise acquisition or a residential housing development, it will help you in all situations. It is called hard money because the loan conditions and terms are restrictive and hard as compared to conventional bank loans. In hard money case, money belongs to private individuals so they are much serious to ensure that their money is in right hands.

San Francisco hard money lenders
People having bad credit prefer hard money loans. They have belief that only these companies are in a position to safe them. In California, this business is popular among real estate investors and borrowers. California hard money lenders offer a helping hand to beginners. It provides commercial and residential loans to those who are neglected by conventional banks. Beside this, they also provide loans to real estate investors. Investors need great amount of money to start business or complete financial transactions. Apart from getting the financing they need for the real estate deal, investors get a lot more when they tap these creditors.

At last I would suggest for obtaining effective hard money loan borrower should understand all the terms and conditions regarding loan. Then after complete searching in his respective area he will find the most reliable lender. He will surely help him to restart business and finance him to complete his business needs.

If you want to know more about Hard Money Loans or interested to get loans, do contact us at:http://www.equitycoalition.com/contact/

Friday 27 July 2012

Finding a Home Equity Loan

California hard moneyA private mortgage from a non-bank private lender is generally based on the asset you pledge as collateral. Most private lending companies or individuals want you to have at least 40% equity in the property (a 60% loan to value).  The exact amount of equity varies by private lender and their investors, but it will likely be based on the amount and type of collateral as well as your personal financial situation.

When you make the decision to take out a home equity loan, there are several things that you should look for. One thing is that you want to make sure you get the lowest possible interest rate on that loan, which will not only save you lots of money, but will also help get you much lower monthly payment amounts, which will be much easier on your budget. Another thing you should look at when comparing home equity loans of different lenders is the fees that come with them. Many loans come with fees that can be added into the total loan amount, or that you will be required to pay at the time of closing.

California hard money lenders are willing to provide investors up to 70% of the after repair value of the rundown property. In most cases, especially when you are able to buy a house at a deeply discounted price, 70% of the ARV is often enough for all of the investor's expenses. That means you might be able to buy an old house and turn it into a new home without using your personal money. All you'll need is the financing provided by the lender.

You should also know what lenders will be looking for in determining your worthiness for the loan, and the factors that may impact your loan terms. Lenders typically look at your overall credit rating, your monthly net wages, other monthly obligations, and other factors that vary from lender to lender.

California private money loansIf you do not have equity in the project you are working on, many private lending groups will accept other collateral as a guarantee on the loan.  For example, you may own other real estate with substantial equity, or other assets that would satisfy the private investor.  Many private lenders are lending their private investors' savings. So think in terms of what you would want to satisfy you that the risk on a project is nominal.

If you want to know more about Hard Money Loans or interested to get loans, do contact us at:http://www.equitycoalition.com/contact/

Tuesday 24 July 2012

How to Get a Hard Money Loan Approval


California hard money lenders
Hard Money loan is the term that has used to describe a loan made on the raw equity of real property. In other words, hard money loans are made with the assumption that the liquidation of the property will be the primary means of loan repayment in the event of default. Hard money loans can be a great way to finance a real estate investment but the loan application process can be quite difficult from traditional bank loans. Many potential hard money borrowers are not  prepared to apply for a loan. Don't be one of the unprepared borrowers.

There are different steps for how to get a hard money loan approval. The borrower must understand the steps. The first is finding the right project.  A property valued in the right range may not be in a suitable neighborhood. Hard money lenders want to know that the property and the location are a safe investment. Other is to have the property documents ready. Hard money loans are primarily secured with the property but knowing about the borrower is important. You may be asked about credit, income and assets.

The third step is do the proper research before applying for loan. The borrower should know the area they want to invest in and should have pictures of comparable properties. Other is to have an exit plan. i.e. Hard money loans are typically short term and usually are 1-2 years in length. The lender wants to know that the borrower has a plan for either selling or refinancing the property before the term is up. Knowing how you plan to repay the loan is a key factor in a hard money lenders decision.

California hard money If the borrower brings a estimate from a contractor showing what repairs are needed and the costs involved, they are much more likely to be considered for a loan. So you should talk to the contractor for better help. The last step is to perform. Hard money lenders want to see that you're interested in this loan. Return calls promptly and get the information they need in a timely manner. Hard money lenders keep less capital on hand than banks. If you delay in getting back to a hard money lender, they may lend their assets to another borrower.

If you want to know more about Hard Money Loans or interested to get loans, do contact us at:
http://www.equitycoalition.com/contact/

Friday 20 July 2012

California Hard Money Lenders Offer a Helping Hand


Private money loans CaliforniaCalifornia hard money lenders offer a helping hand to beginners. It provides commercial and residential loans to those who are neglected by conventional banks. Beside this, they also provide loans to real estate investors. Investors need great amount of money to start business or complete financial transactions. Apart from getting the financing they need for the real estate deal, investors get a lot more when they tap these creditors.

California private money loans are equally popular among businessmen and common persons. It does not require income verification process to apply for private money loans California. Contrary to traditional banks hard money lenders does not require large documentation for applying for loans.


California hard money lenders are willing to provide investors up to 70% of the after repair value of the rundown property. In most cases, especially when you are able to buy a house at a deeply discounted price, 70% of the ARV is often enough for all of the investor's expenses. That means you might be able to buy an old house and turn it into a new home without using your personal money. All you'll need is the financing provided by the lender.

Developing viable hard-money loan options may make it possible for mortgage brokers to close more loans in this challenging environment. Hard-money loans can seem difficult for many reasons, however. Brokers who haven’t worked with hard-money lenders before may have some misconceptions about this type of financing and question whether they are a viable funding source.

California hard money lenderRegardless of the path you choose in obtaining private financing, you will find private financing companies are more flexible in lending criteria than banks, California hard money lenders, or similar traditional lending institutions. Check out private financing companies and brokers online to see which will suit your business needs most effectively. There are few other qualifications for a hard money loan besides having that 30% "skin in the game" (skin in the game means having the 30 or more percent to put down on a purchase or at least 30% remaining equity in a home when refinancing.) Depending on the size and scope of your California deal you may be required to have a FICO score of 620+ but for most transactions most lenders still loan to anyone - even with bad or no credit.

If you want to know more about Hard Money Loans or interested to get loans, do contact us at: http://www.equitycoalition.com/contact/

Thursday 19 July 2012

California Hard Money Resources

California Hard Money Lenders
Private money loans California is the best partner that you could ever want. If you are real estate investor looking for loan to complete business transaction and real estate deals, then hard money lending is great source for it. There are many misconceptions and rumors about private money lending. These myths are needed to be corrected so that people would be able to cash the lending offers. 

California hard money lenders can move quickly. Since most private mortgage originators are private investors they do not have committees which can take weeks or months to decide whether or not they will give you a loan. Once you find a suitable deal and submit your application package, you can expect to close within the time frame of three weeks or less. This lets you write offers that can close more quickly, increasing the likelihood that you get the best deal. They can lend on assets that do not have proven cash flow. If you are looking to take advantage of foreclosed or vacant properties, you will find that many traditional lenders want to see the property generating a net operating income which is higher than the annual debt service. Private lenders look at your down payment and your ability to repay them.

Mortgage brokers in California should assess your circumstances, help you understand what you can afford, assist you in finding a California mortgage lender that fits your needs, and guide you in navigating the paperwork. When hiring a mortgage broker, choose a local one who really understands your neighborhood. Another benefit of using a local California mortgage lender is that they will be available in person and can deliver documents to you quickly to keep the process running smoothly. 
private money loans california

One myth is that private money is too expensive. The fact is that private money is more expensive but is only one factor when assessing your lending options. It will cost more than traditional bank loans but is priced according to the law of supply and demand. Second one is no private money lender can fund in less than a week. This is absolutely wrong about private money lending. There is no hard and fast rule of days of funding. If the borrower is organized and diligent in providing the documents to money lenders then no need to wait. They will fund borrower in short time typically less than a week.

At last I advised you to contact hard money lenders for more help. By considering all facts about this business one should easily understand the reality and make the difference between myths and original situation. I would suggest if anyone wants a loan for his business in short time and with minimum documentation then he should apply for hard money loan.

Tuesday 17 July 2012

Which type of Hard Money Loan Suits You?

Private money loans CaliforniaHard money loans are best alternative of conventional bank loans. Hard money lending institutions offer loans to customers according to their requirements. Whether you want personal loan, residential loan or real estate loan California hard money lenders helped in all needs. In today's economy, getting a bank or institutional loan for commercial property or for residential investment properties can be problematic. Banks look at lots of factors when determining whether or not to lend money and loan brokers can take forever to find and establish a loan.

Before applying for hard money loan, you must understand different types of loans. So you have got several options to select from that will suit your needs best. There are nine different types of hard money loans. As a lender, one must know all these types to decide the best option for his needs. Some of the types are explained in this article.

Hard money acquisition loans are used to purchase a specific property, typically improved property or platted land. Construction pay off loans is designed to help contractors who have finished a property but it has not sold yet. Hard money land acquisition loans are a way to buy land to improve. Bridge loans are a great way to get from point A to point B in a financial situation. These are short term loans that can be used to purchase a property while waiting on bank financing to come together.

Foreclosure prevention loans quite simply keep property from going into foreclosure. Value added loans are a type of hard money loan for properties that have higher than normal vacancy rates and can be used to renovate a property to increase cash flow. DIP or debtor in possession loans are designed to help exit a bankruptcy. Foreign National hard money loans are for those who are from other countries and have a desire to purchase American real estate but can't secure a loan from a bank. Standby commitment or takeout loans are designed as a way for a contractor to secure funding from a bank to develop a property.


San Francisco hard moneyHard money loans are Funds for making great fortune. Hard Money Loans have changed overall scene of property investment as more and more people are now interested in getting into this business domain. You are supposed to make a thorough research and look for every property that is going to pay great level of income after some repairs and renovations.

In the end I would suggest if someone want loan to complete business transaction or real estate deal then he should find best option among different types of private money loans California. He must choose the best deal among all of them. It would save his time and money and soon he will in a position to continue his business. It will also helpful in obtaining business goals.

Saturday 14 July 2012

Work with Best Hard Money Lenders

Private money loans California
Hard money lenders are private individuals or companies dealing in hard money loans. These loans are helpful for real estate deals or personal financing. It is a special type of loan which is backed by the value of property, not by the creditworthiness of the borrower.  Most of the real estate investors prefer hard money loans for completing business transactions financial deals.

Hard money lenders are different from traditional bank loans. Conventional banks offer loans after large and tiresome income verification process. Private lenders or hard money lenders do not require long verification process. In real estate business, investors need money fastly to complete business deals so they come to prefer private money loans.

Some of the best California hard money lenders are working in California and you need to search for them. They are the true friends of their clients as they always think about their prosperity and never stop worrying about them. People need to find bigger and better mean in their lives and then work in close connection with their hard money lenders. They are ready to provide coaching and consulting to their valuable clients. They ask you to make a good deal that is done in accordance with the basic marketing principles. If their clients are able to work with such mindset then they are more than happy. They don’t keep themselves unconcerned like banks, as they have to earn money out of good deals by their borrowers or clients.

Commercial Hard money is issued to a business entity or individual signing on behalf of a business entity or individual. Commercial hard money is greater than simple hard money loan. This loan is used for commercial real estate business like selling and buying of commercial property. To qualify for commercial loan you need to verify your business by lender companies.

San Francisco hard moneyFinding the right hard money lenders in California is a challenging and time consuming process. There are so much firms and companies that offer loans for real estate business. The borrower sometimes confuses to decide the right lender. Due to lack of knowledge and experience about loan terms and conditions the borrower sometimes caught by the wrong lending companies which would ruin their time and money.

In the last I would suggest to search out best private money lender and work with it. It would be helpful in achieving business goals and future dreams. It would also let you free from tension of conventional bank loans. It will be helpful in expansion of  business and earn more profit.

Thursday 12 July 2012

Hard Money Loans are Funds for Making Great Fortune


Hard money lending is a great source of funding for real estate investors. Real estate business need large amount of capital for completing business transaction. The conventional bank loans do not fulfill the requirements of real estate investors. These traditional banks require long income verification and other processes for qualifying for loan. Therefore, investors avoid this type of funding and prefer hard money lending to take advantage of ongoing projects.

Hard Money Loans are funds from individuals or group of individuals, and serving real estate investors for their property purchases. It is a special type of loan which is backed by the value of property, not by the credit worthiness of the borrower. These people are interested to offer loans to those people who reach at their offices with sound property proposals. Hard Money Loans have changed overall scene of property investment as more and more people are now interested in getting into this business domain. You are supposed to make a thorough research and look for every property that is going to pay great level of income after some repairs and renovations.

Many types of hard money loans are offered by lending companies. So you have got several options to select from that will suit your needs best. Hard money acquisition loans are used to purchase a specific property, typically improved property or platted land. Hard money land acquisition loans are a way to buy land to improve. Banks and other lenders, including other private lenders, aren't financing many land deals at all so finding a hard money loan for property is going to be your best bet. Construction pay off loans is designed to help contractors who have finished a property but it hasn't sold yet. Value added loans are a type of hard money loan for properties that have higher than normal vacancy rates and can be used to renovate a property to increase cash flow.

Lenders can also fund projects that conventional banks cannot. If your real estate investing takes you to the realm of dry cleaners, gas stations, or even assisted living facilities (one of the hottest growing real estate markets in the US), conventional banks are not likely to be able to fund your project. Hard money loans can, once again, be a deal saver. 

At last I would say if anyone wants a loan for his business in short time and with minimum documentation then he should apply for hard money loan. It would save his time and money and soon he will in a position to continue his business. It will also helpful in obtaining business goals.



Tuesday 10 July 2012

Investment Scams in California Real Estate


Real estate investment scams in California are exposed to public to educate them. They are exposed so that investors beware of these real estate frauds in future. For secure investment, investor should have a complete market exposure. He should know current real estate market trends and economic stability of country. He should have full fledged knowledge of the area in which he is going to invest. 

As a real estate investor you should know different types of investment scams in California. One is ‘Cold calling’. Cold calling is an unexpected or unsolicited telephone call offering investments or financial advice. The investments they offer usually guarantee high returns or encourage you to invest in overseas companies. The scams sound professional and may have other resources to support their claims. Cold callers often claim to be stock-brokers or portfolio managers. The investments that are offered by cold calling are usually share, mortgage or real estate 'investments', 'high-return' schemes, option trading or foreign currency trading.

There are many examples of numerous investment scams. These in particular are disturbing because the brokers scammed the investors as well as the banks for millions before getting caught. In these cases, the perpetrators used houses in need of renovation as the carrot. Under normal circumstances an investment in this kind of vehicle could likely be a very lucrative venture, and it could do well to revitalize neighborhoods while stimulating local economies.
Advance Fee Fraud which plays on an investor’s hope that he or she will be able to reverse a previous investment mistake involving the purchase of a low-priced stock. The scam generally begins with an offer to pay you an enticingly high price for worthless stock in your portfolio. To take the deal, you must send a fee in advance to pay for the service. But if you do so, you never see that money or any of the money from the deal again.

California private money loansWe know that California hard money equity loans are a popular business in California.  Mortgage brokers in California should assess your circumstances, help you understand what you can afford, assist you in finding a California mortgage lender that fits your needs, and guide you in navigating the paperwork. So be careful in choosing right person for right job to secure your future.

At the end I would like to conclude my discussion by advising you again to beware of frauds and scams. Keep open your eyes and brain to do the best decision in business. It would be helpful in achieving business goals.

Tuesday 8 May 2012

Private Lenders for Small Business


California Private Money FinancingFor any business, small or big, you need a capital to start it. After that, you need more money for completing business transactions and expanding business. Falling short on sufficient financial resources is a nightmare for any businessmen. Obtaining capital quickly can sometimes prove difficult, but certain private lenders provide a timely relief to people and businesses in such a scenario. These lenders grant loans that have affordable interest rates and can be easily approved.

Hard Money real Estate LoansThere are two types of lenders operating in market. One is conventional lenders which includes traditional banks, financial and lending institutions. They are also called public lenders. Such lenders basically, accept deposits and investments from the public. These lenders usually have a very strict doctrine of approving loans which they have to follow as a strict compliance. Hence a good and fair credit report only gets the best deals, loans with lower interests. In many cases the applications are rejected due to some or the other reason such as current credit, income, security, etc. So if you are running a small business and you have a good credit history then you are eligible for bank loans.

The second and best option is private lenders or hard money lenders. These are the companies or lending institutions that helped you when banks rejected loan applications. Private lenders on the other hand are lender businessmen who led out their own money to small businesses. Private lenders are more like investors who want to reap better benefits, rather than store their money in low-paying bank accounts. The loans that they generate are often known as commercial loans. Such transactions have in fact proved to rather healthy for the US economy. California private money lenders are the important lenders in United States. In fact California is the head quarter of hard money lending business. They can finance small businesses even having a bad credit history.

California mortgage lendersThere are various types of business loans, which are offered by private lenders for small business firms. The first one is the basic one, secured loan. A high capital loan, the secured loan is a type of business loan that has a very large denomination and principle (amount that is actually lent). Usually such a loan is provided by the lender for some known important investment, such as purchase of machinery. In such a situation the loan is secured by the machinery itself. The next type is the expenditure loan, which is usually given to business when they lack sufficient liquid finances to pay off salaries. he third type of loan is the joint venture loan. This loan is a sort of investor policy where the lender finances a project of the business and reaps equivalent benefit.

If you have a small business and you want finance for business then California private money lenders are the best option. For more reference about hard money lending visit 

Monday 7 May 2012

California Private Financing


Private financing means you finance your business with the help of private individuals or parties not by traditional banks. Private financing options are available for personal, investment and commercial purposes. There are many sources of private financing. It includes private and hard money lenders, investment groups, and venture capitalists. Private financers are also known as Angel investors. They helped you at that time when no one supports you. 

hard money loan lendersPrivate financing is the best source of funding in United States. California hard money lenders are well known private lenders in town. California is the head quarter of this business. Many lending companies deal borrower, customers with professionalism. Private money lenders are different from conventional bank loans. Banks gave you loan after a long verification process. California hard money lenders do not require so much verification. You also have immunity about income verification.

Private financing obtained in exchange for stock can be an excellent way to get the initial operating capital needed to start a business, but it can be extremely expensive on the far end. While you will likely not be paying interest in the early stages of your business, you will pay dearly should you become a success. 

As a real estate investor, you should require capital to complete business transactions. Some time situation occurs when you don’t have money for completing business deals and you need it in short time. If you contact banks for loan it will take long time to approve loan application. Here comes the role of hard money lenders. Since these companies are owned by private individuals so they give more attention to their customers. This lending process doesn’t require income verification form you and it doesn’t require large documentation process needed for applying a loan. Another advantage is that hard money lending is a fast process so it saves time of customers and investor.

California mortgage lendersRegardless of the path you choose in obtaining private financing, you will find private financing companies are more flexible in lending criteria than banks, California hard money lenders, or similar traditional lending institutions. Check out private financing companies and brokers online to see which will suit your business needs most effectively

 At last I would say that if you don’t have anything in your pocket and need 100% financing to start your business or you want a loan to restart your previous business then hard money loan is a best option for you to complete your goals and dreams.