Download
1 / 7
70 likes | 78 Views
Do you have a magnificent investment opportunity? Are the banks refusing to give you a loan because of bad credit or unpaid mortgage? Fret not, hard money<br>lenders in San Antonio are your way to finance all of your real estate dreams.
E N D
Real Estate Financing, Hard Money, and Private Lenders in San Antonio Hard money lenders in San Antonio
Do you have a magnificent investment opportunity? Are the banks refusing to give you a loan because of bad credit or unpaid mortgage? Fret not, hard money lenders in San Antonio are your way to finance all of your real estate dreams.
Here’s a quick factsheet on what hard money loans are: • Hard money loans are private asset-based bridge loans used for real estate financing. They differ from conventional bank loans in interest rates, accessibility, approval period, and loan term. • Unlike mortgages, hard money loans have little to no government regulations like borrowers’ credit score and debt history. The approval is solely dependent on the lender's discretion and can happen within a few days.
Instead of looking at the borrower’s income, hard money lenders in San Antonio tend to focus more on the equity value of the property. This makes hard money loans riskier for the lender. • Because they pose a greater risk to the lenders, hard money loans have a higher interest rates than regular loans. For example, a typical mortgage might be offered at 12%, while an equally-valued hard money loan will have around a 20% interest rate.
Due to having high-interest rates but quicker payouts plan, hard money loans are used in a singular fix-and-flip strategy rather than as a means of acquiring a primary residence.
If you’re looking for hard money loans or want to learn more then call (210) 787 3805 to talk to Capital Concepts, the most dependable hard money lender in Texas.
Capital Concepts sean@4smartmoney.com https://www.4smartmoney.com/ 11200 Westheimer Rd #777, Houston, TX 77042, USA 106 Decker Court #340, Irving, Dallas TX
