Gretna is a quiet city in Gadsden County with a population of 1,460, as per the 2010 census. It is located along U.S. Route 90 and is bordered to the south by Greensboro.

Whether you currently own a property in Gretna, FL, and are thinking about upgrading, or see it as a good area to purchase property in at affordable rates, in order to renovate and resell, one of the best ways of getting started could be by getting a hard money or bridge finance loan from us at HML Solutions.

Here’s a look at just some of the benefits of our hard money and bridge financing solutions.

Many excellent reasons to go for hard money and bridge financing loans

There are a great number of reasons why hard money and bridge financial solutions may be a much better option for you than conventional loans.

Here are some of the benefits to consider.

Loans without much less hassle

Conventional loans, which are offered by banks, are notorious for being tricky to obtain and for requiring a lot of credit checks, paperwork, and waiting around.

We believe that a lot of this is unnecessary, and we’d rather you — and ourselves — some time instead.

Hard money and bridge loans avoid excessive complexity, and the main focus is on the property you want to purchase, rather than on your personal credit history.

Here are some of the benefits of getting your loan from us:

• A quick, easy, and simplistic credit check
• Minimal cash flow requirements
• Minimal business documents requests, meaning less digging through your old papers
• No outside collateral requirements
• Fast closing
• Fixed interest rates

Looking at the property value first and foremost

While we do, of course, carry out certain credit checks before approving loans for our clients, we don’t emphasize your personal credit score nearly as much as banks do with traditional loans.

When we are deciding whether to issue a loan, it’s the value of the property that you are considering buying that we pay the most attention to. In fact, the amount you are approved for will be directly related to the value of the property.

When you take out a hard money or bridge loan with us:

• You will be given an amount of money that corresponds to a loan-to-value ratio (LTV) of up to 75% of the asking price for the property you are going to buy, or its existing property value. The lower of those two prices will be what your LTV is based on
• You will be able to take out loans from $50K-$50M and up, dependent on the property value

Ethical terms and reliable interest rates

As disappointing as it is, many private lenders are unscrupulous and predatory when it comes to the terms that they hide in the fine print of their contracts, and the — often extortionate — interest rates that they offer.

When you take out a loan from us, there will be:

• OAN AMOUNTS: $100K – $50M+
• Maximum LTV 75%
• TERMS: 1 – 3 Years
• RATE TYPE: 10% – 12% fixed
• AMORTIZATION: Interest only
• CLOSINGS: 1 – 2 Weeks
• CREDIT CHECK: NO
• INCOME VERIFICATION: NO

Get in touch with HML Solutions today

At HML Solutions we offer free consultation to all prospective clients and can assess your goals and your needs quickly and effectively.