THERE ARE ONLY 3 REASONS TO CONSIDER A HARD MONEY LOAN . . .
- time, . . . time, and . . . . . . time
- If you have an asset with a small first mortgage or it is free and clear, a bank will loan but it will take time.l
- hard money is fast, very fast
- we prefer $50,000 minimum
- HARD MONEY IS ALWAYS A NON-CONSUMER LOAN (for business purposes)
- Reverse Mortgage Dilemma
You inherit a Reverse Mortgage and now you have to refinance or sell the property quickly, but you can't get a loan. Hard Money can step in and give you 3 or 6 months breathing room to list the property and get it sold.
- Catch 22 - Ohana Dwelling - Care Home Buildout
You want to upgrade your home for a care home and you may already have clients. The bank won't give you the money until you have the clients . . . you can't get the clients until after you have the money. Hard Money can step in, give you the funds to build, move in the clients and then refi with the bank.
SOME OF THE BENEFITS YOU WILL ENJOY INCLUDE:
- Very Fast Closing: usually 15 business days
- Quick Approval: We have over 100 Private Lenders and know which ones like your type of deal and your area.
- Clear understanding of costs: Hard Money is expensive, real expensive. You will have a breakdown of total costs before you decide whether or not this is for you.
- Personal account manager, you can text your Hawaii contact, 24 / 7, yes 24 / 7
- EXPERIENCE - our average consultant has over 15 years focused on Hawaii and Hard Money
- Escrow Title Insurance: Borrower pays for Lender's Title Insurances to protect Lender
- PROFESSIONAL: We all have to watch for scams. The transaction will be overseen by Hawaii Real Estate Lawyers and a Hawaii Escrow Company.
- WIRED FUNDS: funds can be wired directly to your bank account if you instruct escrow to do so.