Want to apply for a private loan to fund a real estate investment? Here is how it works: Contact Us Today!
Do you have a newly acquired property? Are you hoping to increase its value by putting in some repairs and renting the space out? Struggling to find an investor who understands your project and does not weigh down your efforts with massive fees? Guess what? Private money lending just might be your answer, and the application process is surprisingly simple!
With private money lending, you can fill out a simple application and get preliminary approval within 24 hours. The application does not ask for much other than your name, address, contact information, and specific details about your investment idea. It really is that simple and easy, and the resources offered in return are well worth the effort.
When it comes to investment opportunities, especially fix and flip properties, Emcap Funding knows how important it is to expedite the financing needed for your project. At Emcap Funding, we offer hard money loans for fix and flip properties. Unlike the grueling process of bank mortgages which can take upwards of forty-five days, Emcap Funding can approve your hard money loan and provide you with funds in an average closing time of just 14 days, Emcap Funding is here to quickly assist you every step of the way.
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.
Emerald capital funding 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%-12%, and emerald capital’s 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 are able to process and fund transactions. Hard money loans are a very strong tool for investors who need to move quickly. These short term (usually 12 months) loans are the perfect opportunity to aid any investor in developing their success.
When it comes to saving money or growing your equity through investments, there is no better starting point than asset-based lending. Here are some reasons why working with an asset-based lender, such as Emerald Capital Funding, is the smart choice for first-time investors:
Less risky investment: When asking for a loan, you can get either a secured or unsecured loan. With an asset-based lender, your loan would be secured to your asset (or real estate property), and it would act as collateral if you are unable to pay back the loan. This results in lower interest rates as the lender has a clearer sense of trust and confidence with the borrower. As such, with emerald capital funding, you can acquire a good loan to fuel a quality project with minimal costs and un-expectancies.
Easier to obtain: Another benefit of asset-based lending is that it is easier to obtain than an unsecured loan or lines of credit. There are also fewer documents to sign and deal with as the loan is strictly tied to the asset’s value. There are also typically fewer debt covenants for a borrower to deal with as there is a clear goal in mind with the loan and the project you are going into.
With asset-based lending, you can grow your wealth through reliable, low-cost means. By investing in real estate, not only will your equity grow over time through a reliable and dependable source, but it is a great starting point to expand your equity’s potential.
You can develop good relationships with your lenders, who are available for you at any time, and they can help you work through your project and make sure that you are getting the best value and profit for your plans.
With Emerald capital funding comes the mindset that you can make more money at a quicker and more reliable pace than by simply saving it and living cheaply. By choosing to acquire a loan backed by an asset, you can collect funds that understand your asset’s true value and complement your plans with minimized costs working towards maximum potential. As your equity grows, so will your money mindset as you realize the massive potential for using asset-based lending to acquire equity through the real estate market.
What can you get with Asset-Based Lending? Low cost, minimum risk, easy approval, and security.
By securing your loan to your property, you can grow your equity quickly and reliably. At Emerald Capital Funding, we provide flexibility and quick turnarounds to match your benefits as we aim to maximize your growth and potential. With Asset-Based Lending, you can structure your portfolio with minimum risk.