What are Hard Money Loans?
A Hard Money loan or Private Mortgage is a short-term, asset-based financing. Every hard money loan is funded by a private investor or a group of private investors. Most of these loans are short-term and last about 12-60 months.You make monthly interest payments and the principal is paid with a balloon payment at the end of your loan term.
What can I expect?
Our Hard Money loan program uses private funds available to borrowers looking to purchase or refinance their residential or commercial properties. This loan program is a great alternative for investors who don't fit traditional loan criterias. The documentation that is required to provide is limited and you avoid a long application process like with a traditional bank. This allows investors to close quickly and efficiently without any delays.
Copyright © 2020 Alex Berg Capital Mortgage is a DBA of Global Lending Corporation. All Rights Reserved. Global Lending Corporation is Equal Housing Opportunity. Loans are available on a fair and equal basis regardless of race, color, religion, sex, familial status, national origin, military status, disability or ancestry. All rates, programs, and terms are subject to change without notice. Licensed by the state of Florida. NMLS: 387607 NMLS:386716
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