ASSET BASED LENDING SOLUTIONS FOR THE GREATER HAVANA, FL AREA
Havana Florida is a lush, green, and historic area described as “one of Florida’s most unique villages with a history dating back to the earliest years of Florida’s development, that rose from the ashes of a devastating fire in 1916.”
Havana, FL, is situated a convenient 27 minutes north of Tallahassee, and may be just the kind of place where you would like to purchase property due to its location within the Tallahassee commuter belt.
If you are thinking about buying property in Havana, FL, hard money and bridge financing solutions from HML Solutions may be the perfect solution.
Hard money and bridge finance solutions come with plenty of unique benefits
Conventional loans from banks have their place, but there are many unique benefits of hard money and bridge finance loans that make them a superior option for many people, in a variety of different situations.
Here are some of the reasons hard money and bridge loans stand out.
They are much more straightforward
Standard loans require all sorts of credit checks, paperwork, and involve various other bureaucratic elements that can make them a pain to try and obtain.
What’s more, getting approved for a standard loan also typically takes a while — meaning you could miss out on a great housing deal.
We’d rather save you — and us — some time, so our hard money and bridge loans emphasize simplicity. We focus more on the property you are planning to buy than on your personal credit rating.
Here are some of the simple and elegant features of our loans:
- A quick, easy, and basic credit check
- Basic cash flow requirements only
- Few business documents requests, to minimize paperwork and complexity
- No outside collateral requirements
- Fast closing
- Fixed interest rates
Hard money and bridge loans are based primarily on property value
Although we carry out some credit checks when deciding whether to approve loans for our clients, we don’t place as much weight on your personal financial record as banks do.
Instead, we focus first and foremost on the value of the property that you are planning to buy, when deciding to approve your loan, and considering how much to offer.
Here are some things you can expect when you get a hard money or bridge loan from HML Solutions:
- Loan amounts calculated according to a loan-to-value ratio (LTV) of up to 75% of the asking price for the property, or its existing property value (whichever of these two is the lowest)
- Loans from $50K-$50M and up available, with the amount being based on the property value and LTV
Clear terms and conditions and fixed interest rates
Not many things are more frustrating than private loan companies who try to fool and manipulate their clients with obscure and hidden terms and conditions, and predatory and wildly fluctuating interest rates.
We do things different, and pride ourselves on:
- No hidden fees and transparent conditions
- Interest only amortization
- 1-5 year terms
- No prepay penalties, so you don’t get penalized for paying off your loan early
- Fixed interest rates from 6.99%–12%
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.
Get in touch via our contact form to start the process, and your loan may be closed within 10 days of reaching an agreement.
Note: All submitted information is kept in strict confidence and used solely for the purpose of obtaining a hard money loan and/or bridge loan. We do not share your information with any third parties without your consent.