Question 1

How does a hard money loan work?

Accepted Answer

A private money loan (also known as a bridge loan) is a short-term loan designed to help investors fund their real estate transactions as quickly as a cash offer might and gives investors more time to qualify for permanent financing.

Are you a real estate investor seeking to meet contractual obligations, tap into your equity, or refinance quickly? With private money lending, you can benefit from a sophisticated financing option tailored to your specific needs.

Whether you are looking for short-term loans with competitive interest rates and flexible loan terms or exploring real estate loans for commercial properties, vacant land, or single-family residential properties, private money lenders offer solutions to help you achieve your investment goals.

Our bridge program includes the following key features:
   •    Up to 65% financing to leverage your investment
   •    Flexibility for luxury and large-scale projects
   •    12-48 month terms, allowing you ample time to execute your real estate strategies
   •    Interest-only monthly payments, keeping your operating expenses low 
   •    Fixed and variable rates are available, catering to your financial preferences
   •    Title must be held by LLC/Corp, a single purpose entity
   •    No income verification, streamlining the application process
   •    No minimum credit score, providing opportunities for borrowers with diverse credit histories and foreign nationals with no U.S. credit history
   •    No DSCR ratio, offering more flexibility for borrowers
   •    Available for foreign nationals, catering to the needs of international investors
   •    For investment properties only, including non-owner occupied residential, commercial and land

Question 2

What scenarios can private financing be used for?

Accepted Answer

• Want to acquire a new property while you wait for your existing property to sell
 • Want to tap into the equity of your existing investment property to make improvements or buy another property
 • Have contractual obligations that requires a fast closing or are at risk of losing deposits 
 • Are purchasing land and pending approval for a construction loan 
 • Are buying a new construction condo or condotel that is not Fannie-Mae approved (Non-warrantable condo)
 • Are a foreign national with unverifiable income and/or no U.S. credit history 
 • Property does not meet debt service coverage ratio to qualify for DSCR loan

Question 3

How do I qualify for private financing?

Accepted Answer

Our underwriting process will focus more on the quality of the asset than the applicant's income and credit score. This allows us to provide a streamlined application process and quick decision making once property details are provided.

To determine your eligibility for private financing with Private Lending Solution, please apply here on our website  for a quick quote.

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