Hard Money Loans

Hard Money Loans

Regardless of the type of real estate investor you are and your loan scenario, there is an array of loan programs that are designed to meet all your mortgage needs.

A true Hard Money Loan is an asset-based loan. It does not have strict guidelines. This type of loan does not have as many restrictions. No more having to worry about bankruptcies, foreclosures, or collections.

Rates starting at 9.90%. Min loan $400,000 up to $10,000,000.

Why Should You Use a Hard Money Loan?

Our hard money loans are tailored for investors looking to purchase, renovate, or refinance residential or commercial properties.

The main reason for Real Estate Investors to use a hard money loan, is the ability of the hard money lender, to fund the loan quickly. A hard money loan can be funded within two weeks, compared to the 30 to 45 days it takes to get a bank loan funded.

Also, borrowers may choose to utilize a hard money loan, due to the fact that they have been rejected by the banks for a conventional loan because of bad credit, insufficient income history, foreclosure, etc. A hard money lender, is able to look past these issues as long the loan be repaid and the borrower has enough equity invested in the property. Once a borrower has a property and is interested in applying for a hard money loan, the application process takes a day or two and in some cases, a loan can be approved within 24 hours. Real estate investors choose to use hard money loans for many different reasons, it's fast, flexible, and functional.

Hard Money Loans

At City First Mortgage, we proudly provide hard money solutions to investors throughout the country. Here are some of the cities we serve near Miami, but we aren't limited to these locations:

• Hollywood

• Fort Lauderdale

• Pembroke Pines

• Miramar

• Miami

• Hialeah

• Miami Beach