Hard Money Loans

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WHAT IS HARD MONEY LOAN

Hard money loans, sometimes referred to as “bridge loans,” are a type of financing typically used in real estate investment. Hard money lenders are usually not banks, but private individuals or companies instead. With this type of asset-based loan, the property itself is used as collateral. This kind of funding is generally quicker and simpler for borrowers, though it can be more costly when it comes to interest and fees because of the inherent risk to the lender.
How Do Hard Money Loans Work?

Hard money loan financing is a way to borrow money using a property as collateral. Traditional mortgage lenders are concerned with your credit scores, financial history, and general ability to repay them. As such, the lending application and approval process can be lengthy and tedious while the lender investigates these matters. With a hard money loan, this is not the case. Borrowers can access money quickly because hard money lenders are less concerned with your personal finances and credit score, but instead concentrate on the value of the property. Since the property is used as collateral, if you default on the loan, the borrower will take the property and sell it to recoup their money.

Hard money loans can be approved and funded within days. The loan term can last from a few months to several years, though typically it would not make financial sense to hold on to a hard money loan for that long because their interest rates are high compared to alternatives like a conventional mortgage.

Hard money borrowers make regular monthly payments on their loan, including interest and relevant fees. Sometimes, borrowers may request reimbursements from their lending partner for particular property rehabilitation projects along the way if that is part of their agreement.

Once the property is sold, the borrower pays the lender back for the remainder of the loan, covers the closing costs, and keeps any remaining funds from the sale as profit.

HARD MONEY REAL ESTATE LOANS THROUGH CIG-Offshore LLC

Cross-Border M&A Professionals
USA, European Union, Western & Eastern Europe,

Asia, Far East, Middle-East

• HARD MONEY REAL ESTATE LOANS THROUGH AMERICA 2030, LLC

1. UP TO 70% LTV.

2. QUICK CLOSING, 2-4 WEEKS (BASED ON CURRENT APPRAISAL AND ENVIRONMENTAL).

3. 8-12% INTEREST.

4. 4-6% ORIGINATION FEE.

5. MINIMUM LOAN AMOUNT $500k, NO MAXIMUM.

6. ALL PROPERTY TYPES.

7.LOAN TERM 12-36 MONTHS, MAY BE EXTENDED.

8. PRE-PAYMENT ALLOWED.

9. REFERRAL FEES PAID TO REFERRAL SOURCES.

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CIG-Offshore philosophy for development includes combining international expertise with first-rate local knowledge in order to tailor our solutions to each specific context and ensure the best possible results. At CIG-Offshore we believe employees are indispensable assets that make our business the success it is.

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