Guaranteed Lowest Rates on Private Money Loans in California!
A private money (or hard money) mortgage is financing by which a borrower receives funds secured by real estate collateral. It’s a viable route if you don’t qualify for a conventional bank or lender loan, or you have a bankruptcy, or bad credit score (FICO), or just greater had a bad life situation happened, there is still a way for us to help. The rates on hard money loans are often higher than conventional, commercial or residential property loans because of the increased risk and shorter duration of the loan. Most hard money loans go toward projects lasting from a few months to a few years. A private money loan is similar to a bridge loan, which usually has similar criteria for lending as well as the cost to the borrowers.