A
Commerical Hard Money Mortgage is best suited for individuals
and companeis who have unique lending needs or who need a fast
close without the tradtional hassle of gong through a conventional
lender.
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A
Construction Loan is a loan used to construct a building or
other improvements of real property, with the land and improvements
as collateral for the loan. Construction reserve accounts are
generally maintained to disburse the money as the construction
progresses. Up to 100% cost of construction available depending
on the improved value.
Type
of collateral property ranges from home construction to large
commercial projects.
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When
a residential purchase or refinance falls outside of the traditional
lending guidelines, a hard money mortgage may be the only
option.
A
hard money mortgage is an excellent source for fast cash for
real estate investors or as a method to stop foreclosure or
obtain or refinance a home when the borrower has a bankruptcy
reportin.
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