ASSET BASED LENDING SOLUTIONS FOR THE GREATER OKEECHOBEE, FL AREA
Hard Money Loan Solutions is a resource for people in Okeechobee, FL, looking to finance their next purchase. Okeechobee is a beautiful city in Florida close to the coast, and it is known for its breath-taking beaches and cultural entertainment. With so much to see and do in Okeechobee, it’s no wonder so many are looking to invest in the city.
Our team of experts offers financing solutions that will work with your budget and needs. We know how important it is to find the right lending option.
So, whether you are an individual looking to finance their property, business, or undertake a construction project, you can contact us for great loan options.
Types of Property to Finance
There are quite a few types of property that you might consider investing in. This includes residential homes or commercial properties, for example. You could also look into purchasing vacant land if this is something that interests you.
In Okeechobee, FL, there are also several great opportunities to consider. For example, you might look into investing in foreclosures or short sales. These can be particularly advantageous for those who have little captial but want to purchase their first investment property.
Hard Money Loan Solutions can help you get started!
Loan Application Process
You will need to fill out a loan application and provide the necessary documents for underwriting. In addition, you will need to provide the following documentation. You should provide personal information, including:
- Address, and
- Phone number
To get a loan, most money lending companies require that you provide your income documentation. You may want to have your accountant or bookkeeper prepare a business tax return if possible. Otherwise, at least include recent paycheck stubs demonstrating income.
Loan Specifications and Highlights
- No extra hidden fees
- Funding between $100,000 to more than $50 million
- Loan-to-value (LTV) ratio of up to 75% of property value or purchase price
- Fast financing, so you can obtain your cash in 1-2 weeks
- Flexible loan terms of 1-5 years
- Interest-only amortization
Longer-term loans are also available with higher interest rates. However, a short-term loan will lower monthly payments for borrowers who can pay it back quicker than a longer one would require you to do so.
This makes borrowing money more affordable, which in turn frees up your cash flow allowing you to stay within budget.
Benefits of Using Hard Money Loan Solutions
Bridge financing is a short-term loan for real estate investors to invest in properties already under contract. It’s an excellent way for investors who do not have enough funds at closing time or need more money to pay off other loans, refurbish the property before reselling it, and make capital improvements on the property.
Hard money lenders, as well as private individuals and investment groups, can do bridge financing. If you want top-tier service from experienced professionals, contact Hard Money Loan Solutions today!
Hard Money Loan Solutions will help you in Okeechobee, FL! Call us today. Our experienced team is waiting to hear from you! Please get in touch with us via phone or email for more information on assisting your business with its financial needs.
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.