Why Hard Money Loans Are the Smart Choice for Busy Reis

Why Hard Money Loans Are the Smart Choice for Busy REIs

Published On: July 27th, 2017Last Updated: June 17th, 2024Categories: Hard MoneyTags:

Why Busy Reis Choose Hard Money Loans Hard Money Loans in Atlanta Ga

The term hard money lender isn’t exactly what it sounds like. In reality, working with a hard money lender is a smart way to obtain short-term financing for your real estate investments. In their simplest form, hard money loans are a form of financing with shorter repayment terms than a conventional loan has.

Why Do Professional Real Estate Investors Use Hard Money Financing?

Many professional real estate investors use hard money financing because it fills a legitimate need. First off, hard money offers you a chance to secure funds quickly instead of the going through the grind of qualifying for traditional financing. Secondly, if you are a fix and flip investor, these loans allow you to buy a flip fast, fix it and get it on the market immediately.

If you are struggling with credit issues, know that most hard money lenders do not only consider your credit score. Instead, hard money lenders look at the potential value of the deal and how it will be beneficial to all parties involved. Many busy real estate investors prefer hard money loans because the funding is quick, and they often receive cash-in-hand in as little as two weeks.

Do You Need a Hard Money Loan to Buy an Investment Property in Atlanta?

If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.