3 Things You Should Know About Hard Money Loans
Tampa Hard Money Loans | Florida Private Investors
Hard money loans are asset-based loans that are secured by property through private investors or companies. They have a long history of being used by real estate investors to finance investments quickly. A hard money loan can be intimidating to someone who has never taken one out, but as long as you are aware of the following things, you can better understand and decide if it is right for you.
The first thing to realize is that not all of the places that say they offer hard money loans are legitimate. There are many places that collect upfront fees from borrowers but don’t follow through on the loan. Unlike those other places, AHL Hard Money Loans is a legitimate company that does not accept a fee. We connect borrows and finances together to get the best program for both parties. If you have any doubts, give us a call and talk with one of our representatives. We will answer any questions you may have and connect you with investors that have positive reviews.
The next thing to understand is that hard money loans are not like bank loans. The process is different and might surprise you if you aren’t prepared. Documentation requirements could be different, along with valuation determination and how quickly the funds are dispersed. Although the loan process is different, you can’t expect there to be no document requirements. AHL Hard Money Loans requires different documents depending on what kind of loan you need.
AHL Hard Money Loans has assisted borrows with finding a loan using our network of hard and private money investors for over 15 years in Florida. If you have bad credit, no credit, are self-employed, or have been turned down for a bank loan, we can help. If you are in need of a loan, give us a call at 813-368-9919, and talk with one of our friendly representatives.