At AHL we connect borrowers who own property in Florida with equity and allow them to use it as collateral to get a hard and private money loan. Our network of private investors will work with Florida borrowers and homeowners who have equity in their residential, condo, doublewide, land, and investment properties, as well as vacation homes in all parts of Florida. Our hard money investors do not care about credit but will however evaluate the condition of your home, the pride of ownership, and appearance of your home. Does your home have curb appeal?
If you have heard of a collateral loan but aren’t familiar with the term, collateral is simply an asset used to secure a loan. When you get a car loan the car itself is the collateral. The same thing is true if you have equity in your home. You can use that equity as collateral to secure a needed loan. Perhaps you want to make renovations but don’t have ready cash. Or, maybe you are interested in buying a vacation property. Regardless of the reason, collateral is a valuable way to get the money you need.
Collateral loans are a common and useful way to borrow money because the borrower is using an asset to secure the loan. Examples of a collateral loan include securing a home mortgage with the home or buying a car with the car acting as collateral.
Using your home as collateral on a loan is a common practice when obtaining home equity loans or lines of credit. The downside of this is that your home is now being used to secure the loan, and you could lose it if you are unable to make the loan payments. Review all home equity loan considerations before making the decision to secure a loan with your home.
Daytona Hard Money Loan | Bradenton Debt Consolidation
Commercial hard money loans can be useful to property owners who need finances more rapidly than a commercial bank will provide, or who have less than ideal credit ratings. If the owner has reasonable income streams and the commercial property has adequate equity, hard money investors are interested in providing bridge financing to help your business grow.
If you are looking for hard money investors, there are five things you should look for in hard money investors. Let’s review them:
Gainesville Hard Money Investor | Bradenton Collateral Loans
You will often hear the terms “hard” or “soft” money connected to loans. There are some similarities, but there are also major differences. Let’s compare the two and see how they impact you as a borrower.
*We do not issue approvals. We are a marketing and lead portal. You will be contacted directly by our private investors. They will call you directly to determine the value and equity in your home and to help you throughout the approval process. Each inquiry is on a case by case basis. Thank you.
