Real estate moves quickly. If you’re not ready to hop aboard, you might just miss the train.
Waiting for a traditional loan with a potential property investment opportunity can be a lot like waiting for a busy train. You stand in line to buy a ticket, wait for an hour or two in a crowd of people, then end up still missing it after those same people rush to make it on board.
You’re closed out before you even had a chance. You never reach your destination.
Realize Your Return Faster with a Hard Money Loan
A hard money loan is designed to be fast, easy, with no speed bumps so you don’t lose out on an investment opportunity. It’s the perfect fit for investors who are ready to move.
Why Use Hard Money Over Conventional Lending?
- Speed. Hard money lenders are more interested in the value of your property and your property investment. Therefore, they don’t need to go through your loan application and financial history with a fine-toothed comb. This is what makes hard money loans perfect for the investor focused on collateral. Once you have a relationship with a lender, the process can move quick and smooth, giving you an edge on closing deals fast.
- Flexibility. Hard money loans are often more flexible than traditional loans. Lenders evaluate each situation individually based on the investment opportunity. Depending on the situation, they may be able to make adjustments to fit what works for you. This is unlikely to happen with a traditional loan and complex underwriting process.
- Fast Profit. Hard money loans are designed to be short-term loans. They get you cash fast, so you can jump on an investment opportunity and make a profit. Even with a higher interest rate than a traditional loan, a hard money loan can still equal a higher profit. This is due to the shorter term -- and it opens the door for other investment opportunities.
- Opportunity. Most properties in poor condition will not qualify for conventional financing, and oftentimes, the best opportunities come from the ugliest houses. Also, wholesalers will only sell to those with either a cash offer or an approved hard money loan.
Hit the Fast Track to Opportunity
Don’t wait in line while the train passes you by. A hard money loan is the perfect fit for investors who are ready to move, have a plan of action and want to see their investment paying off, and fast.
Ready to see your returns? A hard money lender like Catalyst Funding can provide guidance and advice on project management, goals and profitable investment opportunities, along with competitive rates and a quick closing process. Contact Catalyst today to find your next opportunity.