What is a hard money loan, and why might you want one? Hard money loans are financing supplied by a private investor, rather than a commercial bank. Here are three reasons why you may want to consider a hard money loan.
Faster response on your loan process
Hard money loans don’t require the lengthy loan process you probably have already experienced at a commercial bank. At AHL Hard Money Loans, we have a group of investors ready to invest money. The qualification and loan process with us will be much faster than any bank, and you will get prompt attention and response to all your questions. If you have a business need that has to happen quickly, a hard money loan is your best bet.
Banks won’t invest money for some business needs
Commercial banks are conservative, and are going to shy away from loans for some business activities. A business expansion the bank considers risky may be acceptable to our investors, particularly if you have existing income from the business and an equity position in the property. Another type of business is home or commercial rehab, not considered a good loan prospect by a commercial bank. The risk accepted by our investors is offset by a higher interest rate to you to compensate for that risk. Come to AHL Hard Money Loans, we have the investors for you.
Bad credit or no credit available
If you have had some setbacks, and your credit rating is less than stellar, a hard money loan could be your ideal situation. If you have a relatively new business and no real credit rating, banks will tend to ignore your needs. We can help you obtain the loan you need.
AHL Hard Money Loans is your Florida source for hard money financing. Call us at (813) 368-9919 if you have any questions, or wish to start the loan process.