ASSET BASED LENDING SOLUTIONS FOR THE GREATER ORMOND BEACH, FL AREA
Ormond Beach is located in Volusia County, Florida, just north of Daytona Beach. It is best known as the home of Tomoka State Park and is a treasure trove of shops, parks, beaches, and recreational activities. This city now thrives on an active residential and commercial market. There are many business opportunities to explore, and HML Solutions can offer the hard money and bridge loans you need to take advantage of them.
Are Hard Money Loans and Bridge Loans The Same?
This question is common among potential customers seeking to leverage our flexible financing solutions to pursue various ends. Hard money loans and bridge loans are similar, but not the same. A hard money loan offers you capital from private individuals or companies, eliminating the need for a traditional bank. These loans are quick, have less stringent requirements, and take weeks to close. You can use your commercial real estate loans, a type of hard money loan, to fund retail centers, industrial properties, and restaurants, among others.
On the other hand, bridge loans are short-term funding options you can access to bridge the gap between an urgent need for cash and its availability. You can go in for these residential loans to ensure your project proceeds while waiting to secure long-term financing. Hard money loans always come from private lenders, but conventional ones often offer bridge loans. Therefore, bridge loans are a type of hard money loan, but this is not always the case.
Bridge And Hard Money Loans in Ormond Beach, FL
HML Solutions understands the Ormond Beach market and our experts use this knowledge to offer customized funding solutions to suit your specific project. We understand that several transactions are quite time-sensitive, so our processing is structured to be as efficient as possible to help you take advantage of swift deals. You can use our hard money and bridge loans for investment in single-family properties, multifamily units, foreclosure properties, and short sales. You can also use our funds as construction loans to cover other unique projects.
Why You Need Bridge and Hard Money Loans In Ormond Beach, FL
Traditional lenders are demanding and slow, so securing essential funding for on-the-spot deals might take forever. Fortunately, HML Solutions offers reliable and accessible funding alternatives to help you pursue various projects. We are committed to helping individuals, real estate developers, and companies of all sizes in Ormond Beach reach their goals.
Consequently, our loan processing is quick, and credit score considerations are more flexible. Also, we offer attractive terms and conditions like:
- Zero additional fees
- Interest-only amortization
- Terms of 1-5 years
- Fast closing in 1-2 weeks
- Loan amounts of $50,000 to $50 million
- A loan-to-value ratio of up to 75% of purchase price or as-is value
- No prepay penalties
Contact HML Solutions Today
Our unique understanding of the Ormond Beach market, combined with our extensive experience in the lending space, makes us your best bet for hard money and bridge loans. We can offer you funds for various projects, whether you are fixing and flipping a single-family home or purchasing equipment for your business.
Reach out to us today at (855) 244-2220 to get started.
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.