Listed Below are Some of The Hard Money Loans Available:

Hard Money Acquisition & Development Loan

These hard money loans are used to both acquire and develop real property to an improved state. Loan proceeds are dispersed with interest only paid on funds that have been disbursed. Hard Money Loan to value is determined by the overall improved value of the property.

Equity Based Hard Money Loan

Basically most Hard Money Loans are based by purpose, whereby collateral is put up for security.

Hard Money Bridge Loan

A hard money bridge loan is a loan that is used for a very small length of time until a permanent loan or financing has been put in place. Bridge loans are a perfect hard money solution to a timely acquisition or business opportunity simply because they allow you to act quickly. These hard money loans can be used:

Hard Money Construction Loan

A hard money construction loan is used for the construction of a building or for other improvements that are being made to the property, with the land and improvements as collateral for the loan. Construction reserve accounts are mostly maintained to disburse the money as the construction progresses. The type of collateral ranges from home construction projects to large commercial projects.

Hard Money Raw Land Loan

This is a loan typically for lots to large acreage amounts of land.typcally raw land is valued at a 90-day "quick sale" price to determine loan-to-value ratios.

Apply For A Hard Money Loan Today FOR FREE! To get started, please click here and briefly describe your current hard money lending scenario. Once its been submitted, you will be contacted by Noam our Hard Money Loan specialist. If you have questions, please feel free to contact us any time by calling  # 305-877-2517

Hard Money Commercial & Residential Lending Criteria & Loan Rates

·                                 Loan Size  - From $50,000 - $2,000,000 

·                                 Location - Urban and suburban US properties 

·                                 Collateral - All Property types will be considered 

·                                 Rates – 11.75%- 16%  

·                                 Terms - 1-2 years, interest only

·                                 Max LTV – 65%LTV - Depends on property type and improvements 

·                                 PLEASE BE ADVISED, RATES ARE SUBJECT TO CHANGE DAY BY DAY

Korn Capital Funding deals with hard equity loans all the time. We have been in the lending business for over 5 years. Our office and team consists of fully licensed real estate agents , mortgage brokers as well as many reliable investors. We understand investors who are purchasing investment properties.

Hard Money Loans Defined:

A hard money loan is a non institutional loan made by a private lender that specializes in hard money lending, that basically lasts anywhere from 12 to 36 months and carries a higher rate than a conventional loan (A loan from a bank). Hard money residential loans carry a heavier weight and interest rate for the borrower for the simple reason that they also create a higher risk for the lender. Hard money loans for the most part require that the borrower have 40-55% equity in the property. 

Hard Money Loans & Private Mortgage Loans are commonly used by Real Estate Investors who want to buy an Investment PROPERTY QUICK, FIX-IT-UP & RE-SELL THE PROPERTY WITHIN 6-12 MONTHS!!

Hard Money Loan Positions:
 
Hard money lenders will only lend if they have first mortgage lien position. Why you ask? The reason is because if the client (borrower) desides to default on the loan, the hard money lender is the first person to get paid when the property sells.  
 
Loan to Value on Hard Money Loans:
 
Hard money lenders structure there loans based on loan to value (LTV). The LTV for most hard money loans will not surpass 50-65% of the value of the property.

For More Information on Hard Money Loans & Private Mortgage Loans, Please CALL OUR OFFICE AND ASK FOR NOAM TODAY AT: 305-877-2517