Private Money Loans
Our private money loans are designed to close quickly subject to an efficient underwriting process with an emphasis on property equity. The loans are particularly useful for quick-close scenarios, self-employed borrowers and/or properties that are underperforming due to physical condition or current income. The funds can be used for purchases or refinances, for example, and are secured by property.
Reasons for Securing a Private Money Loan
- Wants/needs a quick close
- Needs funds for a short period of time
- Has weak credit or income documentation
- Property needs work
- Needs to pay judgments, late payments, tax liens, etc.
- Unusual situation or property