Have a short-term need for immediate capital? Conventional financing unavailable? In need of some creative financing ideas?
Hard Money Hunt lenders are direct real estate lenders specializing in quick, hard-money loans. They operate where conventional lenders won’t.
• | Loan amounts from $100,000 to $50,000,000+ | |
• | Purchase, Refinance, Development, Construction, Bankruptcy, Foreclosure | |
• | Multifamily, Hotels, Land, Office, Industrial, Retail, Single-Family | |
• | Quick commitments | |
• | Bad credit OK. Most lend based on real estate value | |
• | Most closings in 7-10 days | |
• | Brokers are Welcome with all lenders |
Most lenders structure their loans based on a percentage of the quick-sale value of the subject property. This is called the loan-to-value or LTV ratio and typically hovers between 50-75% of the market value of the property. This changes with the economy, strength of the deal and borrower. The LTV can also go much higher if you have other properties to cross collateralize or other assets the lender may see as desirable. We have seen instances of a large wine collection, art and coins to name a few.