Difficult money lenders is low-financial, asset-dependent lenders
With the experience in new York enhance and you can flip industry, West Tree Investment might be able to framework imaginative purchases that fit the hard money capital needs. I fund money according to the worth of the fresh new house thus oftentimes we were also able to finance more 100% of your own price and you can rehab number.
If borrower is additionally taking out that loan for rehabilitation aim, an arduous loan provider will want to make sure the fresh fixes are increasingly being done in respect brand new fix schedule as well as on day
West Tree Funding now offers the new longest hard money financing offered in the market (36 months), best for pick and keep dealers.
Though both banks and difficult currency lenders build mortgage loans, difficult money lender standards and you may financing standards tend to may differ significantly of a classic lender. Hard currency lenders set way more focus on the root possessions, much less emphasis on the newest debtor. (suite…)