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Bridge loans are short-term loans which bridges the Borrowers plan from one real estate transaction to another. The bridge loan is useful when a borrower only needs financing for a short time frame where a long-term fixed rate loan does not make sense. A hard money bridge loan from private money lenders can be used by a real estate developer, a real estate investor, or other business entity to take advantage of commercial opportunities that don’t fit into the traditional bank standards. Our typical maximum loan-to-value allowed on subject properties is 65%. These loans are typically for 6 months.
Example: Borrower owns an investment property, it is currently on the market for sale, and needs capital to fund their next real estate deal. Being a private money lender, we would lend on the property (bridge loan) until the property sells, this would be a hard money equity bridge loan, this way they do not miss out on their next deal awaiting the sale of the property they own.
How will a bridge loan help me purchase an investment property?
A hard money bridge loan from private money lenders like Private Lending Group can be used to purchase real estate if a borrower does not meet conventional bank standards or does not have time to wait for a traditional banks typically slow lending process. Hard money allows for things that banks never allow: low or no credit scores, incomplete construction, property in need of repairs, etc.
Hard money funding can be used to quickly work around these financing problems and provides the opportunity for a savvy investor to acquire new properties.
Click here to apply for a hard money bridge loan. You must have 20-40% as a down payment to qualify for a hard money purchase loan. Commercial loans can also be interpreted these days as bridge loans or a bridge loan by a private money lender even on a 1-4 unit property. Due to the economy, hard money financing has become increasingly popular.
Commercial hard money cash out refinances allow you to extract equity from real estate you already own. This can be done with a hard money equity loan. For commercial loans, hard money purchase loans are a quick, easy way to get those funded. It can be a quick way of generating additional working capital to be utilized as you quickly as one week. Our niche is getting the tough bridge loans, commercial loans, a bridge loan hard money financing in a timely manner.
These are just some of the ways the Private Lending Group Bridge Loans can help with getting your deals funded. Click apply here on the top right to work with the nations #1 private money lender. If you are looking for a bridge loan in Seattle for your commercial deals we would love to see any and all of your loan requests.
Earning 6% interest today in Seattle’s, Washington market involves private lending secured by real estate. While banks are paying .0375 for a one year Certificate of Deposits, you will learn how to find the best loans and create an above average return, Any individual investor can lend to a property owner, instead of the property owner going to a bank. The private lender takes on the risks and rewards typically held by traditional lending institutions like banks and mortgage companies.
Private Lending has become an important fixed income vehicle for many investors with their personal funds, equity, and self-directed IRA accounts.
This type of investing offers investor’s great returns and secured risk when structured properly because these investments are always secured by the actual property. You must learn the Golden Rule of Private Lending: Never lend more than 65% of the properties appraised value.
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- Real Estate Investor’s Solution – We fund commercial and investment loans to real estate investors based on the value of the property and equity, not their credit score
- Perfect Product“Money”: There is more Demand then Supply. Their is a Huge Market for Money and the time is ripe for Real Estat Investors to make a Big Commissions with Private Loans. Your real estate contacts will love you for referring them to us!
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Where have all the finance companies gone?
Ten years ago you could find a dozens of finance companies in Seattle, Household Finance, Beneficial Finance, Security Pacific, General Finance, , Mercury Finance, Blazer Financial, CIT, Transamerica, Commercial Credit were making unsecured and real estate secured loans for the last 50 years. After the sub prime mortgage bust the securitization market dried up and now I do not know where to find one open finance companies for real estate investors.
In Seattle, Washington the market demand for real estate financing outstrips the supply of money for real estate investors and consumers nationwide. Until this void is filled it will be a a long time before housing comes out of its recession. Real estate investors will continue to seek alternative forms of capital for their real estate business including private lenders, credit unions, and hard money lenders.
Seattle hard money lenders and private lenders are one of the few sources helping the housing recession by providing capital when banks and traditional lenders turn their backs on all but the best borrowers. Hard money and private money are the new finance companies in 2012.
To apply for a modern day finance companies loan click here.
Hard money loans
Hard money loans for real estate investor and commercial property owners in 2012 are available when investors put 20-30% of their own money in the deal. Private Lending Groups in Seattle will do everything to make good loans to qualified investors on quality property. But it’s hard to do it if investors not have enough capital in the deal. We are positive real estate is stable and will rebound in the next 12-24 months in Washington State, so we are funding hard money loans in this market.
We fund loans quickly and can often fund hard money loans in less then 19 days.
Hard Money Loans Qualification:
Do you want to see if you qualify for?
Hard money loans
Before we issue a loan commitment you must provide some basic information for a hard money loans?
- Complete online loan application at private lending groups?
- Have a property address we can evaluate
- Loan summary explaining details of transaction
So if you have been rejected by the banks and mortgage companies and do not have perfect credit and need no income verification hard money loans? You have come to the right place. Private Lending Groups is here to work with real estate investors who are taking advantage of the lowest real estate prices in decades.
Apply for hard money loans: click here
If you have difficulty documenting your income because you are self-employed in Seattle, washington, take a look at a self employed mortgage loan option for qualified applicants. Private Lending Group created an online marketplace so self-employed borrowers like you could get financing easier. We offer self-employed and independent contractors stated income refinance loans, investor mortgages. If you own your own business, or you are a 1099 contracted worker, then Self employed mortgage loan will likely meet your financing needs.
If you do not want to document your income, or you would prefer to supply the lenders underwriter bank statements rather than pay-stubs, then a reduced doc feature would benefit your mortgage loan submission. Getting a Self employed mortgage loan makes a lot of sense if you are self-employed or if you tax returns are more complex because of multiple revenue streams.
Today’s real estate investors have found purchase rehab loans the answer to their investing needs. Purchase rehab loans are a combination loan. Part one is used to purchase the investment property, and part two is used to advance monies for needed repairs.
Many times, real estate investors need funds after closing to updated the kitchen and baths. Other times the property is just to small, and would be better used as a rental or flip if there were a more bedrooms, additional closets or storage added.
Our response to the market place in the Las Vegas area, we have our Purchase Rehab Loans program. You can purchase an investment PLUS add the cost of improvements to the loan.
Here is how it works, after you find an investment property to purchase. you figure out how much work the property needs, you submit this construction schedule and estimate with your loan request.
On the day of closing, the seller gets their agreed to sales price and the additional funds are put in a construction account for the investor to complete improvements. Draws are made as the work progresses.
An appraisal is completed based on the ‘subject to’ completion of the work, so that you know the true value. Remember, some improvements will only bring a home up to standard value, not increase the value.
A contingency factor of 10% is allowed in the construction costs and put into the transaction. This can either be paid by you at closing or rolled into the construction portion of the loan.
The purchase rehab loans is an Interest Only payment at the closing of the loan and during the construction phase of the project.
Once the work is completed, the purchase rehab loan is refinanced or modified to the final end loan. This could be a 30 Yr Fixed rate loan, a 15 Yr Fixed rate loan.
To apply for Purchase Rehab Loans click here
Private money loans are an important source of funding for today’s real estate investors. Before the real estate bust it was relatively easy and inexpensive to get a loan from your local bank or mortgage broker. But those days are long gone as traditional lenders have tightened lending guidelines and in some cases, have gone out of business.
Real estate investors need funds to grow their business and help new home buyers achieve home ownership. Private money is a growing source of capital that is both affordable and readily available in most American cities like Los Angeles. Instead of seeking money from banks, savings and loans, and even hard money lenders who charge high interest rates, fees. Private money offer a alternative solution to growing your real estate business. Continue reading
Hard Money Business Loans
Private lending groups in Seattle offers hard money business loans if you already have worn out all your possible financing sources from banks and traditional lenders and you still need more money to operate or expand. Since they are usually short term and must be paid within one or two years, they are also called bridge loans.
Before you sign any hard money business loans,
When you have a growing business and want to expand it, then hard money loans can help you, but consider the following items.
1. Can you generate a return on investment (ROI)?
2. Do you have an exit strategy? Hard money business loans can be pain within a shorter period of time. Therefore, make sure you have regular cash flow.
3. What are your alternatives? When your alternative financing options are equity based, a hard money loan can enable you to take control of your business
4. What’s the impact on personal liability? Hard money loans are better compared to other financing sources with high costs.
5. Can you generate enough capital? A hard money loan is not the suitable option when it can’t cater your financing needs.
Hard Money Business Loans can be the very beneficial because they are easy to qualify for, close quickly and will help you to meet your business financial goals.
To apply for hard money business loans, click here