Denied a Bank Loan?
Has your bank told you that you don’t have the qualifications for a home loan due to bankruptcy or foreclosure on your record? We can help! If you have 30 to 35% for a down payment, looking to purchase an investment property or considered a Foreign National.
What is Private Money Lending
Private money lending oftentimes confuses many people. This type of loan is made available by investment groups, private individuals, or investment partnerships. A private money loan is different from a traditional loan because it is not funded by a bank, institutional lender or commercial company. Hard money loans (private money loans) are approved by an actual human, not a automated system or machine, which is based on the real estate equity and more common sense underwriting/rationality.
Investors of a private money loan know that this is a vital alternative for many individuals who own, purchase, and invest in real estate properties. We offer a wide range of hard money loan options to our clients. No matter your situation, whether you are buying a property as an investment, fresh out of a bankruptcy, or just need to close quickly, we have the resources to help.
Private Money Lending Programs
We care about our clients and would never suggest a loan that would not benefit them financially. We understand that borrowers need money to reach their goals and we have the ability to help them reach those goals and purchase their dream home or fund their construction project.
- Rehab and acquisition loans up to 65% loan to cost
- Interest only payment with no prepayment penalty
- No up-front or junk fees collected
- Same day pre-approval letters
- Close in a week or less
- No minimum credit score/we are a direct lender
- Foreign Nationals welcomed
Private Money Loan Guidelines
Our hard money loan guidelines are easy to understand and very straightforward. We focus on the collateral value of the property and the borrower’s ability to repay the loan. We lend up to 65% of the acquisition cost or market value as determined by an appraisal or by our evaluation model. We structure hard money loans for many different types of loan requests, including:
- Residential investment
- Commercial
- Multi-Family
- Construction
- Fix and flip
- Foreign borrowers
Hard Money Lender Advantages
South Wind Financial has a network of professionals that include real estate brokers and investors who turn to our company to fund their own acquisitions or those of the buyers whom they represent. It is through our improved business acumen and operational management that we have gained the community’s trust and earned their business.
We fund loans in a timely manner and have an extensive network of hard money private investors, which enables us to successfully finance a variety of transactions. Transactions can fund in as little as five business days, although typical funding times average around 3 to 4 weeks.
Our lending guidelines are common sense. We draw from a wealth of experience and knowledge in order to help you explore all options available. If your transaction falls outside of our typical guidelines, we can still propose a loan to meet your needs through our network of private money investors.
IF YOU ARE LOOKING FOR A HARD MONEY LOAN, CONTACT US TODAY
