Large Hard Money Loans at Low Rate
Posted September 11th, 2008 in Loan BrokersOur Hard Money note rate averages 12% interest only. However, we have some investors who will lend hard money at longer terms and lower note rates about 9.9% , for the right collateral.
Good Commercial/Residential properties in Southern Calif. While the banks turn down loans, we want them, although the LTV needs to be arount 60%. We can lend up to 5M. There is a lot of hard money available, for the better borrowers, who happen to need hard money now. This due to the tightening credit crunch the banks are dealing with. These can close within 10 days. Fast approval. So if you need large hard money loans at low rate give us a call.