FasterFunds Lending believes that getting a hard money loan should be fairly quick and easy.
- Annual Interest Payment:12%
- Origination Fee: 3 Points
- No Pre-Payment Penalty
- Loan Term: 6 Months
- Will lend on a 100% of the purchase price, if borrower covers 100% of the rehab costs.
- The first step is getting you approved as a borrower. Click here to apply.
- The second step occurs when you get a house under contract. At this point you will click here to complete our property information sheet.
- Send us a copy of your contract along with the name of the title company and your closer.
- Set up a time for the management team to walk through the property. This is in lieu place of an appraisal.
- Get insurance on the house.
- Go to the closing and sign the appropriate loan documents.
- Rehab the home, ,make monthly loan payments and follow through with you exit strategy.