Conventional banks take the absolute minimum of 30- 45 days to finance a residential loan. We can fund a hard money loan in as little as 3-5 days. Other hard money lenders take 7-14 days.
Better approval odds
Due to the very conservative underwriting guidelines of conventional banks, most will not lend on properties needing repair. Our team is able to loan on a property that either lacks cash flow or needs physical advancements as long as the borrower has enough equity.
Not based on credit or income
Traditional banks rely heavily the credit score of the borrower, previous income, and their ability to repay the debt. Private lenders look at the value of the underlying asset compared to the amount of the loan versus the borrower’s credit history.
Market Experience
We’ve worked within the real estate, financial, investment and legal industries of Hillsborough and Pinellas County Florida for over 25 years and have the experience and knowledge that sets us apart from the rest.