Easy Access Loans for Your Real Estate Ventures

Looking to make an investment in a real estate venture, but worried about the restrictions and obligations that come along with bank loans? Hard money loans, sometimes called private money loans, rehab loans, or construction loans are loans intended to help borrowers finance real estate investments at low rates, and on flexible terms. Financed entirely by private money lenders, these real estate loans will grant borrowers access to quick and easy cash within the confines of a flexible repayment plan. Whether you're in need of financing for property repairs or the renovation of a distressed property, there is bound to be a type of hard money loan that suits your real estate financing needs.

Types of Private Lender Real Estate Loans

Many investors manage their real estate portfolio as a series of business ventures. While some will buy distressed properties for a low price on the market in hopes of turning it into a financially rewarding masterpiece, others will repair and renovate property so that the property can be rented out in hopes of yielding significant profits over the long-term. To cater to these needs, many private financiers will offer either a hard money or rehab loan to cover the costs of acquiring the property and the additional costs of repair. For borrowers with intentions to rent out their property, lenders will also make a rental property loan or a landlord loan available. What's unique about these types of loans, however, is that some private lenders, once the repairs are complete, will allow the loan to be refinanced into a fixed rate conventional loan - thereby extending repayment, in some cases, up to 30 years.

Other real estate financial needs that do not include property flipping or renting are also included in private lender homeowners loans. Designed to finance the purchase and repair of single family homes, private lender homeowner loans give borrowers the opportunity to purchase and repair their own beautiful family home. Set at much lower rates than standard bank loans, these fixed rate homeowner loans are much more desirable and are easily repayable over a period of up to 30 years.

Who Can Apply for a Private Lender Hard Money Loan?

For real estate investors, private money lenders are willing to lend out variously tailored loans to property flippers - (those skilled in making a profit by purchasing distressed properties, repairing them, and selling them for increased values on the market); landlords and similar property owners with profit yielding intentions. Not excluding homeowners from the opportunity of lower rate loans and flexible payment plans, private lenders also make loans available to potential homeowners seeking to secure a home for themselves and their family.