Private Money Loans

Speed: Get a private money loan in as little as 24 hours.

Credit: Loans are asset-based, not credit-based

Fees: Avoid early repayment fees

Growth: Grow your portfolio fast

Private Money

Lending Overview

Private money loans are asset-based financing that use the value of property to determine the loan terms, rather than relying on a personal or business credit score. These loans have many uses, including buying equipment, upgrading a property and generating a capital infusion. However, they’re most frequently used to buy real estate property. Investors often prefer private money loans because they’re easier to get than traditional financing through a bank. Approval times are just a fraction of what they are with traditional lenders, sometimes as little as 24 hours. That’s because private money loans come from private investors and investment groups. These investors don’t scrutinize your credit report and tax return information. Instead, they’re focused on the value of the property you’re using to secure the loan. For these reasons, private money loans are favored by borrowers with trouble in their credit history and experienced investors who want to close deals quickly. To learn what private money loans can do for you, consult with your broker.

The Funding Lane

How to Effectively Apply Funds

There are several ways private money loans can effectively benefit your business. They’re especially useful when time is a factor. Since they can be approved quickly, private money loans help you close on investment deals much faster than with a conventional mortgage. Professional rehabbers like private money loans because they make cash offers possible, securing real estate fast in competitive markets. Because private money loans are a form of short-term financing, investors can pay them off once the property is sold. Private money lenders are willing to take more risk, because they’re often investors themselves.

Real Estate

Make your next real estate deal stand out with a cash offer when you utilize a private money loan. Approvals are quick and easy. Loans depend on the value of the property, not on your credit score. Ask your broker how a hard money loan can help you grow your investment portfolio fast.

EQUIPMENT

Private money loans are asset-based, which means you can use them to buy new equipment or leverage your existing equipment to accelerate cash flow. Why wait to improve safety and productivity in your workplace when you can get the equipment you want now? Speak with your broker about a private money loan for equipment today.

Working Capital

When you need a cash boost for new hires, new projects, or new expenses, leverage your business assets to secure a private money loan. Apply the cash anywhere you need it without being locked into a long-term obligation. Find out more about private money loans by speaking with a qualified broker.

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FAQ’s

We believe that the more you know, the better the decisions you make. And in the financing world, better decisions mean lower rates, better terms, and increased profitability.

These FAQs are only the start. Our team is here to answer all of your questions and support you in finding the best financing solution for your unique scenario.

Q. What are the risks of a private money loan?
Private money loans are short-term loans. That means you’ll need to plan ahead to pay them back on time. Typically, you’ll pay only interest on the loan until the term has ended. Then, you’ll be required to pay the balance in full. This could be a problem if you’re unprepared to pay off or refinance the loan.
Q. What are private money lenders?
Private money lenders are generally investors or investment groups that specialize in private money loans. Many traditional lenders don’t offer private money loans, so it’s best to ask a broker if you want this type of loan. They can match you with private lenders who are experts in your market.
Q. Will private money loans affect my credit?
Private money lenders don’t report to personal credit bureaus, which means that getting a private money loan won’t hurt your personal credit. However, these loans will show up on background and asset searches. However, if you fail to pay the loan and the lender turns to a collection agency, this could hurt your credit score.
Q. Is a private money loan tax deductible?
You may be able to deduct interest payments on the loan as a business expense. However, it’s best to consult with a tax professional to find out exactly what you can deduct.
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Get Funded

The funding process starts with a short 3 minute online application. Our team will then review your needs and quickly provide you with a custom funding proposal that targets your desired financing types, rates, and terms.