/Bridge Loans
27 08, 2018

How Do You Get A Hard Money Loan?

By |2018-08-27T22:38:31+00:00August 27th, 2018|Categories: Bridge Loans, Commercial, Construction Loans, Hard Money Loans, Home Upgrades, Investing, Investment, Investment Properties, Investments, New Construction|Tags: , |0 Comments

Are you considering investing in homes to flip them? Considering a hard money loan, but feel unsure about the process? Here's where you will need to start. Check out our hard money lending criteria. If your situation fits our criteria, just fill out the  online loan application or download and fax it to us. When we get your application, we will check it out. We can get purchasers money much more quickly than traditional lenders. Keep in mind that we lend up to 65 percent of the ARV value of the collateral. Luckily, if the loan will be used in part for the renovation or

24 07, 2018

What Types Of Borrower Requirements Are There For Hard Money Loans?

By |2018-07-24T16:10:26+00:00July 24th, 2018|Categories: Bridge Loans, Construction Loans, Flipping, Hard Money, Hard Money Loans, Home Improvements, Home Upgrades, Income, Investing, Investment, Investment Properties, Investments, Private Lending|Tags: , |0 Comments

Paces Funding is a professional hard money lender, so we have some very specific borrower requirements for hard money loans. Many are shocked to learn that there is actually no credit score requirement for borrowers to meet. Still, borrowers must complete an application. You also must have an executed contract for purchase. Other Borrower Requirements If you are applying for a hard money loan through Paces Funding, you'll need a detailed construction budget for the property from a contractor. If you are the contractor, that's fine, but we will still need a detailed construction budget. We also need to see

17 09, 2017

What’s a Bridge Loan?

By |2017-09-17T12:53:33+00:00September 17th, 2017|Categories: Bridge Loans|Tags: , , |0 Comments

A bridge loan may be what you need until you secure permanent financing – but what is it, and how could it help you? What is a Bridge Loan? A bridge loan is a short-term loan that you can use to bridge the gap between securing permanent financing or to remove an existing loan obligation that you already have. This type of loan provides immediate cash flow. How Long Does a Bridge Loan Last? A bridge loan is typically very short-term. (Sometimes they last about 12 months.) How Do You “Secure” a Bridge Loan? Typically, bridge loans are secure debts

1 10, 2015

What is a Buy and Hold Property?

By |2015-10-01T02:37:00+00:00October 1st, 2015|Categories: Bridge Loans, Hard Money, Investment, Loan|0 Comments

If you’re a new real estate investor, you may have heard the term “buy and hold” property – but what does it really mean, and is it something you should look into doing? What is a Buy and Hold Property? Although flipping homes is one of the more popular forms of real estate investing, “buy and hold” is a very viable alternative. Naturally, it depends on what type of investment you want to make. However, purchasing a buy and hold property is different from buying a home that needs to be rehabbed. Buy and hold properties are those the investors