Generally speaking, the following outlines how we approach our hard money and commercial loans:
1 – Just send me some of the details of your property/loan request.
2 – We will have one of our Loan Consultants contact you to start your file and review initial documents.
3 – We consult with our Investors to gauge their interest in doing your loan.
4 – We offer you a written Letter of Interest. (This normally takes 24-48 hours).
5 – If you like and accept the terms and ONLY IF YOU LIKE AND ACCEPT THE TERMS you sign and send back the loan documents along with any needed appraisal/processing fees...usually no more than $195 to $495 to cover administrative costs. If any third-party reports are needed, such as appraisals or Lender fees, we will inform you at this point so that there are no hidden fees or surprise requirements.
6 – You are normally set to close within 2-3 weeks for hard money loans.
7 – My team is paid at closing.
8 – You move forward with your business with a closed loan behind you! It's that simple.
I use private investors to provide cash-outs and refinances on land and commercial properties and I have been doing it successfully for several years. I am attaching some basic information.
To get started, just send me what you have in the way of appraisals, surveys, title commitment and purchase contract.
Just shoot me some details to mark@hardmoneyexpert.info and, if I can help, I will let you know.
