How To Choose Best Hard Money Lenders

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How to Choose Best Hard Money Lenders

How to Choose Best Hard Money Lenders

 

Hard money lending is a type of asset-based financing through which a borrower receives funds secured by real property as opposed to credit worthiness which is the basis banks use to give loans to investors. These loans are processed quickly as compared to loans given by traditional lenders who can set an individual back considerably when it comes to buying a car, a home, or even getting approved for their credit card.

Hard money loans are generally short term loans, lasting from one to five years. The interest rates for hard money loans are generally higher than they are for traditional loans but certain investors prefer them due to the speed at which they are processed, their approval rate and their flexibility (each individual is evaluated separately and thus depending on your situation, you may be able to tweak things like the repayment schedules). This means that even if an individual has had credit stumbles in the past, he or she can still get approved for a loan quickly through a hassle-free process.

LBC Capital, based in the state of California, is an example of hard money lenders. LBC offers you hard money loans to finance the fixing of your home, construction, purchase land andstart a business and buy commercial property. LBC Capital has been in existence for over a decade and understands that for a borrower to consider utilizing private financing there must be a unique reason. Chances are that we at LBC Capital have already dealt with something like it in the past, as our partners and founders all come from a real estate background and their knowledge and experience are the foundation of all the company’s deals.

LBC Capital ensures that all its clients’ assets are protected by employing licensed agents and brokers and having its own trained in-house processors and underwriters. Due to the changing laws and policies connected to lending practices, these professionals constantly continue with their education in the field and clients can rely on them as a source of information. Instead of having to question whether you made the right choice, you can rest easy knowing that you contacted an expert in the hard money lending field.

We offer a free consultation for all of our potential clients to assess the options available to them. Our loans range from 50,000 to 25 million USD and our interest rates are exclusive starting from 7.99%. With hard money lending, the headache brought about by rejected applications for loans is a thing of the past.

We are licensed in the State of California and offer hard money loans in big industrial cities and counties such as Los Angeles, Orange County, San Diego, San Francisco and Sacramento.

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Keywords: hard money loans,hard money lenders

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