ASSET BASED LENDING SOLUTIONS FOR THE GREATER ST. AUGUSTINE, FL AREA
There are plenty of reasons why St. Augustine, FL is on the up, here are just a few. The city has a rich history and culture that attracts tourists from all over the world. In addition, there are plenty of activities and attractions to keep visitors busy, including museums, forts, beaches, and more.
St. Augustine is also a great place to live or retire, with a mild climate and many things to do. The cost of living in the city is also relatively low compared to other coastal towns in Florida and with hard money and bridge financing on the rise, businesses are thriving. Finally, St. Augustine is experiencing a resurgence in popularity thanks to its growing arts scene and award-winning restaurants.
It’s no wonder people are flocking to invest in real estate in St. Augustine. Here at HML Solutions, we know how important it is to secure financial backing quickly when it comes to hot commodity properties. That’s why we offer the best hard money and bridge loans to help you land the investment properties as quickly as possible.
What are Hard Money Loans?
Hard money loans are a type of short-term real estate loan. They are usually used to purchase or renovate properties but can also be used for other purposes such as refinancing or cash out. They can be an excellent option for borrowers who need fast access to capital or who have bad credit.
What is Bridge Financing?
Bridge financing is a type of short-term loan that can be used to finance the gap between the purchase of a new property and the sale of your old one or for fix-and-flip properties. While bridge loans can be approved in as little as 1 to 2 weeks, they are not meant as long-term solutions for financing and should be seen as a temporary solution to “bridge” the gap in financing.
What Are the Benefits of Hard Money and Bridge Loans?
Hard money loans and bridge financing can be excellent options for borrowers who need fast access to capital or who have bad credit. They are also a good option for people who want to purchase or renovate a property quickly or need to cover the gap between buying a new property and selling their old one.
Why Choose HML Solutions?
HML Solutions offers a range of loan options, including hard money and bridge loans, from 100 thousand dollars to upwards of 50 million dollars. With APR rates of 6.99% to 12% and interest-only amortization, our loans are competitive and fair to help you keep your fees down. You have 1 to 5 years to pay your loan back and no penalty for paying back early. On top of all that, we can close in as little as 1 to 2 weeks, so you can get the money you need fast.
If you’re looking for a fast and easy way to get the capital you need to purchase or renovate a property in St. Augustine, FL, then hard money loans or bridge financing may be the right option for you.
These solutions come with fair interest rates and fees compared to other short-term loan options, so they are an excellent choice for borrowers who need quick access to capital. Contact HML Solutions today to learn more about how these financing solutions can work for you!
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.