Is Hard Money Lending A Reliable Source Of Financing? RCD Capital

 




















Undoubtedly to be a successful real estate investor it is imperative to have access to easy and fast funding options. If there is a good deal in the market as a real estate investor you cannot wait for ages to source funds to crack the deal, as it is a highly competitive market. However, traditional lending institutes such as banks don't provide quick and easy funding options to real estate investors especially if they are investing in desecrated property. 

Additionally, in the conventional lending option, it usually takes more than 45 days to process the fund but it may lead some other investor with cash to crack the deal. With that said, one of the best-fitted and secure options for real estate investors is to opt for hard money lenders new York. Additionally, hard money loans are provided by private lending firms also called hard money lenders or private lenders. These firms provide funds either they acquire from investors or their own cash. 

Furthermore, a hard money loan is obtained against a real estate just like a traditional mortgage loan an individual procures against their home. Just like conventional lenders in hard money loans, the private lender determines how much funds are required by the real estate investor and accordingly charges the monthly investment until the complete loan amount is repaid.

Here Are The Top Advantages Of Hard Money Over The Conventional Lenders: 


• Hard Money Lenders Invest In Distressed Properties Also 

Probably the most astounding advantage of hard money lenders over traditional lenders is they are ready to invest in distressed properties. Unlike banks and unions who don’t lend funds on properties that need repair or are damaged. In this case, the safest bet for real estate investors is to choose the hard money lending new York option. These private lenders evaluate the property value and provide the borrower the requisite amount that the property needs and can be sold at profit after renovation. 

The ARV (After Repair Value) is a crucial factor in private lending; it is the value estimated the house will be sold off after completing the renovation. The ARV is often examined by certified appraisers who compare the house value with other distressed properties of the same style, type, and size.


• Quick Access To Money As Any Other Cash Buyer 


Another benefit offered by the private lender over conventional lenders is the speed of dispersing the funds. The distressed property sellers would like to close the deal as quickly as possible. So, if you have the cash you can close the deal in the quickest possible time. Hard money lenders have few underwriting criteria, funds can be offered in less than a week, proffering a competitive advantage over other real estate investors. 

Look no further! Choose a hard money loan to strive for success. If you are scouting for a hard money loan in New York, then you are at the right spot. RCD capital offers easy and simple hard money loan options. To know more about it, click on the website www.rcdcapital.com

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