- We are here to offer you
Hardmoney loans for long term projects
Without going through the traditional process of obtaining loans for your long-term projects, we’ve got you covered on loans to fund your construction loan to 30-year loan.
the simple process involved
how it works
Fill Out Our Online Application
Our online application is built to make the application process seamless. It takes just a few minutes to fill out.
Get appraisal and budget inspection done.
After the application is filled, our team of loan managers will review the application. You’ll subsequently receive a follow-up call from us.
Close Deal
Once application is successful, an appraisal will be ordered, collect all necessary documents and close.
Our Long Term Loan programs
Construction Loans
We Offer Loans for ground-up construction, adaptive reuse, major asset repositioning, and renovation projects.
30-Year Loan
This loan program was created for investors who want a 30-year product without having to go to a bank to keep their investment properties long term. For tenants, this is the best loan. Look no further if you’re looking for a blanket loan.
what we provide
For experienced investors and contractors, Local Private Lenders hard money loans( Long term) offer quick access to leverage and underwriting flexibility not available from conventional financing- traditional banks.
Do You Have Any Questions? Read Our FAQs Section and Feel Free to Ask
A hard money loan for new construction is a short-term loan used to fund the construction of a real estate investment property. A part of the funds are allocated at closing to finance lot purchase, as with most hard money loans for building or improvements, and the remainder is kept in escrow. The escrow funds are allocated in arrears or after certain phases of the scope of work are finished. The scope of work is used to construct a draw plan, which specifies when and how much work will be done at what point of the project.
The process of securing a hard money construction loan is much different than that of a conventional mortgage. Unlike a conventional loan, which requires a significant amount of paperwork, a new construction loan requires relatively light documentation. Once you have completed the new construction loan application, the loan officer and underwriter will review the deal with you and order an appraisal if the deal fits!
our advantage
We offer a wide variety of reasons to choose us for your loan needs.
Closing Speed
A delay in obtaining funding could result in the loss of a fantastic investment opportunity. We’ve closed loans in as little as 48 hours and in as little as 10 days on average.
Underwriting Flexibility
Flexible underwriting requirements allow new construction investors to access financing that would otherwise be unavailable to them via other institutions.
Competitive Rates
We give highly competitive rates for our loan programs.