Hard Money Construction Loans
A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan from a bank. They are generally used as "bridge" loans between construction financing and long term loans; hard money loans are often used for construction because longterm lenders may want finished and leased projects.
Del Mar Financial & Investments, L.L.C. specializes in all types of construction lending, both residential and commercial. From ground up construction to rehabilitation, we can provide the financing to turn your dream into reality.
Loans For Home Construction Home Building Construction 3D Home Design & Estimating Software for home builders, designers, architects, LBM Suppliers and home buyers. BIM software for residential design. download the trial to test drive the easiest home design software for 30 days.Construction Loan Vs Mortgage residential construction financing How do construction loans work – The above traditional approach to residential construction loans was the only option available until the advent of the Construction to Permanent Loans. How Do Construction to Permanent Loans Work? This loan wraps your existing loan or purchase financing, soft and hard costs of construction, interest reserve and permanent (take out) loan all in one.
LYNK Capital is a fast-growing private lender offering residential fix and flip loans, construction loans, rental loans, and hard money loans. LYNK Capital is a direct lender that provides lending solutions for real estate investors, contractors, builders, and developers.
Types Of Construction Loans These type of mini-perm loans can be used to pay off commercial construction that produces income. They can be used for any type of commercial properties construction projects. There are far less restrictions with these types of construction financing solutions.
· A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan from a bank. They are generally used as "bridge" loans between construction financing and long term loans; hard money loans are often used for construction because longterm lenders.
On a construction-to-permanent loan, you can work with the private-money lender for the construction and then with one of your correspondent lenders to do a rate-and-term refinance out of the hard-money loan. The private lender will require a 20 percent nonrefundable deposit, which can be rolled into the takeout loan.
Hard money construction loans are the faster and easier alternative for obtaining financing for the construction of a residential or commercial property.
We offer "hard money rehab loans" and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions.