At Yellow Card Management, we offer quick and easy access to hard money loans tailored for investors in Hinesville. Our in-house hard money lending services eliminate the hassle of searching for external lenders, providing you with immediate access to capital when you need it most.
What is Hard Money?
Hard money refers to short-term private loans that are typically secured by the investment property itself. Investors often use hard money to purchase new investment homes, especially distressed properties or those that are only available for cash purchase. These loans enable you to leverage someone else’s capital for a significant portion of the purchase price, with typical terms ranging from 1 to 12 months.
Paying Off Hard Money Loans
Investors commonly use hard money to acquire distressed properties, renovate them quickly, and then either sell the property or refinance to pay off the hard money loan. This strategy allows you to transition from a short-term hard money loan to long-term traditional financing with lower interest rates.
Cost of Hard Money
The cost of hard money loans can vary based on market conditions and the lender. Generally, you can expect interest rates between 10-20%. Many lenders also charge “points” for loan origination, where one point equals 1% of the loan amount. For example, if you secured a $100,000 loan with 3 points, you would pay $3,000 at closing in addition to monthly interest payments.
For the latest information on our hard money loan rates and terms, please visit our Hard Money Pricing page. We are committed to providing transparent and competitive rates to help you achieve your investment goals in Hinesville.
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