Hard Money California Loans
Hard money California loans are being offered by HML Investments for investors. Hard Money is a private lending alternative for Real Estate investors. Private investors/Lenders will lend their money and will use the property as the collateral. Usually these loans cost (percentage-wise) much more then an average mortgage, often times up to twice what a regular mortgage does, plus high origination fees. Hard Money Lenders normally don’t make decisions based on credit, but they do based on equity and income.
Hard Money Lenders best source for years was Trust deed investors from all over the world. The reality is that most investors don’t have that many options out there as far as getting high ROI(Return On Investment). Most investors have a job or a company where they make their money and from there to the bank. In some cases investors are trying to “PLAY” in the stock market and most of them loose their money in days because they don’t have enough knowledge to make the money they want to make. In Real Estate it’s different because your money is protected with the most secure and profitable investment “Real Estate”. In Trust Deed investing your name/company name will be on the actual deed as the lender. With and ROI of 10% to 12% and Interest only payments. This Rate will be Fixed and payments will deliver to you on a monthly basis.
Developers, Flippers and long term investors are the blood of the Hard money business. These type of investors main concern is getting the deal and making money from it. Most Real estate investors don’t really show much income on their tax returns but they do make enough money to make the payments, so they can not qualify for a loan with a conventional lender. Hard Money will provide them the money they need to purchase/refinance their real estate within days without looking at their tax returns or credit.
Contact the professionals at HML Investments today for more information about hard money California loans.