Hard Money in Washington
We’ve all been told to diversify our investments. Spread our savings among cash, stocks, mutual funds, and real estate investments. But while it’s easy to put the money in real estate, it can be difficult to access your own equity in that real estate investment-especially if you hit a financial bump in the road.
Here are just a few reasons why your request for a real estate-based loan might be declined:
- Weak earnings on your tax returns
- Poor credit
- New business with less than two years of operating history
- Insufficient business cash flow
But banks are only one source of potential financing. Hard money loans, also called “collateral-based loans,” are a simple way to get the money you need—fast. Look into asset based hard money lending for a differnt source of financing! If you have substantial equity or own commercial real estate you can access:
- Up to 65% LTV on improved property
- Up to 50% LTV on land
Hard-money loans from hard money lender are also called bridge loans. These short-term solutions will give you the capital you need, so you can correct what went wrong. They can be structured from 12 to 36 months, and are typically interest only. With this money in hand, you can work on:
- Improving your credit
- Increasing your business’ longevity
- Increasing your profits—and showing those profits on your tax returns!
- Paying off tax liens
If you own commercially zoned property with equity, are interested in hard money commercial real estate loans or you need a short-term cash injection, call us today at 877-594-9423.