THE TOP 3 REASONS TO USE HARD MONEY
The Top 3 Advantages of Hard Money Loans with Stratton Equities
The Top 3 Reasons to Use Hard Money with Stratton Equities - the leading nationwide direct hard money & NON-QM Mortgage Lender to Real Estate Investors.
If you're a Real Estate Investor looking for a loan, without the hassle of working with a bank, or perhaps you need a loan fast, a Hard Money Loan is the perfect solution for you.
Harness the Power of Hard Money: Speed, Flexibility, and Functionality
Dive deep into the unique benefits of Hard Money Loans with Stratton Equities. Whether you're navigating the complexities of real estate investments in New York, New Jersey, Florida, California, or Texas, understand how an asset-based loan's speed, adaptability, and utility can be your game-changer.
Embrace a financial solution that values assets over credit histories, offering unparalleled flexibility for savvy investors. Discover more about the transformative potential of Hard Money Loans with Stratton Equities.
Stratton Equities' Definition of a Hard Money Loan
The Top 3 Reasons to Use Hard Money:
1. It's Fast
2. It's Flexible
3. It's Functional
A true Hard Money Loan (is an asset-based loan, which means the financing is based on the loan-to-value (LTV) of the Asset. Unlike the Fix and Flip loan, it doesn’t go through full underwriting and there’s no minimum FICO requirement for the borrower, as it doesn’t have many guidelines and criteria. This type of loan doesn’t have as many restrictions as one might think considering that it’s just money, so no more having to worry about bankruptcies, foreclosures, collections, etc.
Stratton Equities - Hard Money Lending
Given that our loans are based on the value of an investment property rather than the borrower’s credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale. Even with tarnished credit, a borrower can obtain a hard money loan using the value of the investment property as collateral. This makes a hard money loan a great option for anyone from beginner investors with a limited credit history to experienced investors looking to free up liquidity and scale their business.
Stratton Equities funds hard money loans on single-family, multi-family, mixed-use, and commercial - fix and flip investment properties.
The interest rates on an asset-based hard money loan are usually higher than those of conventional mortgages. Interest rates for hard money loans range anywhere from 9.99% to 12%, and Stratton Equities’ competitive loan programs offer qualified investors some of the best rates in the industry. Hard money lenders typically charge higher interest rates due to the greater risk associated with these loans, and the incredible speed in which they can process and fund transactions. Hard money loans are a very strong tool for investors who need to move quickly. These short-term (usually 12-month) loans are the perfect opportunity to aid any investor in developing their success.
Ready to become a Real Estate Investor with Stratton Equities? Find out more.