Hard money loans For Creative Financing Solutions

Hard money loans carry interest rates even higher than traditional loans. Bay Mountain Capital provides financing for qualified real estate investments with a simple value add process. Lending markets for hard money lender include Dallas-Fort Worth, Houston, Austin, San Antonio and Corpus Christi with secondary markets in Texas considered on a case by case basis. Our excellent reputation as a Hard Money or Private Money Lender has been built on our ability to provide fast financing solutions for borrowers who have come across financial challenges and are in need of fast, creative financing solutions.

Why Hard Money Lenders?

Hard money loans carry interest rates even higher than traditional loans. Since traditional lenders, such as banks, do not make such hard money loans. Bay Mountain Capital provides financing for qualified real estate investments with a simple value add process. Lending markets for hard money lender include Dallas-Fort Worth, Houston, Austin, San Antonio and Corpus Christi with secondary markets in Texas considered on a case by case basis. Our excellent reputation as a Hard Money or Private Money Lender has been built on our ability to provide fast financing solutions for borrowers who have come across financial challenges, and are in need of fast, creative financing solutions.

Know Hard Money Basics

Hard Money Characteristics

Hard money loans are expensive, designed to be short-term loans, and have loan amounts that are typically higher than conventional loans.

Loan Amount Calculation

Purchase price = $50,000

Rehab budget = $20,000

Total capital = $70,000

ARV = $100,000

70% of ARV = $70,000

Sources of Hard Money

Specialized Hard Money Lenders

Individuals or group of individuals

Mortgage pool or investment fund

Self-directed IRA

Understanding the role of the “Loan Broker”

Right Situations for Using Hard Money

“Distressed” properties

When speed counts

When used as a “bridge”

For taking a “cash-out”

Rehab loans- Flexible financing option

Rehab loans are also referred to as renovation loans and ensure reliable financing for the home buyer and homeowners. There are endless benefits of choosing rehab loans to get the money you need.

Some of the benefits are highlighted here:

Saving– Rehab loans ensure to save your money that you are going to spend on fixing up the broken house.

The low rate of interest– With rehab loans, you will get a fair rate of interest.

Great offers- Rehab loans are specially designed for fixer-uppers. So, you can purchase a new home at a lower rate than that of market price.