Private Money Bridge Loans can work for you.

If you are in need of some quick capital for a real estate project or just need to tap into some of your real estate equity quick, a private money loan may be the way to go. With the credit crunch we are experiencing right now the availability of capital in the conventional market has dried up. However, that is not true in the realm of Private Financing. Today, in my opinion, there is more capital available in the private relm than ever before. In the past I would spend a fair amount of my time seeking out Private Lenders to fund real estate loan requests. Well today, things are different. They are calling me looking for loan opportunities. This make sense, since the volatility of the traditional equity markets has driven investors out into more secure investments such as real estate loans and notes.

Private money financing also offers some tremendous flexibility. Property types are varied, credit is not necessarily a factor (and in fact probably the least important factor), no expensive appraisals required and the average time from application to closing is about 3 business days. Loans can be tailored to you specific individual needs. Below are a few basic lending paremeters:

Loan Amounts: $25,000.00 to $750,000.00

Lien Positions: 1st and 2nd deeds of trust

Loan to values: 65% to 70%

Interest Rates: 12% and up

Loan Terms: 6 to 60 months

Payments: Interest only

Loan Purposes: Purchase, construction, debt consolidation, cash out, development, foreclosure avoidance, etc.

If you should have any specific questions, please feel free to give me a call or drop me and email.