What exactly is a hard cash loan?
A difficult cash loan is an equity-based loan utilized being a bridge to finance the borrowerвЂ™s immediate monetary needs. Generally speaking it really is a short-term solution ( six months to 2 yrs) for customers who require quick money. Many money that is hard can be used http://speedyloan.net/uk/payday-loans-wbk for tasks enduring from a couple of months to a couple years. It really is employed for all types of real-estate guaranteed financing commercial, retail, industrials, raw land, construction, rehab, single family members residence, and multi-family domiciles.
exactly how do I get pre-qualified for a money that is hard with Socotra Capital?
It is actually simple. by either filling in the brief or Long Form Application or it is possible to contact financing professional at (855) 889-7626 . We shall look at the method with you and respond to all of your concerns.
wemagine if We have bad credit? Could we nevertheless get that loan?
Yes! Our hard money underwriting directions focus primarily on equity maybe not borrower credit. Read More