ASSET BASED LENDING SOLUTIONS FOR THE GREATER NEW SMYRNA BEACH, FL AREA
One of the main reasons New Smyrna Beach, Florida, is a sought-after economy is because it is a great place to do business. The climate is conducive to year-round outdoor activities, making it attractive to potential companies and their employees. Additionally, there are ample opportunities for networking and collaboration with other businesses and hard finance opportunities.
Another reason New Smyrna Beach is a desirable economy is its low cost of living. The cost of housing, food, and other living expenses is much lower than in larger metropolitan areas. This makes it more affordable for people to live and work in New Smyrna Beach. Finally, the community spirit in New Smyrna Beach is strong. There are numerous opportunities for people to get involved in the community, whether it is through volunteering or attending events. This creates a sense of belonging and strengthens the community bonds as well.
There are many great reasons to purchase property or do business in New Smyrna Beach, Florida. That’s why HML Solutions offers numerous hard money and bridge financing opportunities in New Smyrna Beach.
What is Hard Money Financing?
Complex money financing is a type of lending based primarily on the value of the property being used as collateral. The lender will look at the property and decide how much money they can lend against it. This type of financing is ideal for people who need access to capital quickly to purchase or refinance a property. It can also be used for businesses that need working capital to grow their business.
There are many benefits to using hard money financing instead of other loans. One of the main benefits is that the process is much faster than traditional lending methods. Another advantage is that there are no prepayment penalties, so you can pay off your loan early if you wish.
What is Bridge Financing?
Bridge financing is a type of short-term loan used to finance the purchase of a property before the borrower has sold their current property. This type of loan allows borrowers to buy a new property without waiting for their old property to sell. Bridge loans are typically interest-only loans, which means that the borrower only has to make payments on the loan’s interest for the first few years. After that, the borrower will need to begin making payments on the loan’s principal as well.
Bridge financing can be an excellent option for people looking to purchase a new home but have not yet sold their old one. It can also be a good option for businesses that are expanding and need additional capital. The main benefit of bridge financing is that it allows you to get the money you need quickly and without waiting for an extended period.
- Fixed interest rates from 6.99% to 12%
- Interest-only amortization
- Never any hidden fees or additional fees
- No prepayment penalty
- Loan terms of 1 to 5 years
- LTV of as much as 75% of the property’s overall value
If you are looking for a place to grow your investment portfolio, don’t hesitate to contact our team at HML Solutions to get the best hard money and bridge financing options.
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.