Home Equity is Now Mostly Done Through a "Hard Money" Lender

From: OurFundsOnline.com
Published: Sun Aug 01 2010

Real estate investors are unable to find traditional mortgage lenders who will meet their financing requirements? Then you might want to consider locating a private money lender. Private money lenders are investors who, for the right investment opportunity, will loan you the money to buy real estate investments. ( http://www.ourfundsonline.com ) As long as you have equity in the property and an exit strategy to pay them back, a private money loan should be easy enough for you to find. Here are a few places to locate your private money lender.

* Conventional Mortgage Consultant
* Real Estate Seminars
* Other Investors
* The Internet

* Who are Hard Money Lenders?
* Private Investors
* Hedge Funds
* Institutional Investors
* Portfolio Lenders
* Agents of REO (bank owned properties)

Why Use a Private Money Lender?

A private money lender provides a quick interim financing for you to purchase, rehab and resell a single family residence or commercial property. ( http://www.ourfundsonline.com ) They do not require any credit checks or traditional guidelines such as banks and other financial institutions. Basically, private money lenders are looking for a deal that makes sense with a quick return on their investment. They also provide short term bridge and gap financing. It can take as little as 5 days to get your financing. So if time is of the essence, a private money lender is the answer to your prayers. You can get fast cash for real estate foreclosures and other hot investment deals.

In these tight financial market times, it makes much more sense to you use a lender instead of a traditional mortgage lender. Why waste time and get turned down missing your investment opportunity while you are waiting for loan approval. You should be compiling a list of private money lenders ( http://www.ourfundsonline.com ) so when you do find a great investment, you are ready to go. You will never have to worry about how you are going to fund your project, just where you will find your next deal. This way you can concentrate on rehabbing your property and selling.

A break down of the "Hard Money" Lender ( http://www.ourfundsonline.com ) we primarily target short term, first mortgage bridge loans secured by cash flowing (or soon to be cash flowing) properties with a maximum loan-to-value of 70%. Interest rates typically range from 10.99% to 12.49% with two to three points for a two-five year term and a 6 month prepayment penalty. Longer terms and extensions are possible, all of our loans are interest-only payments. We also finances note acquisitions on a case by case basis for experienced players.

We are The kind of private lender that is equiped to have our funds online hence the name and be ready to be a rapid deployment force - capable of closing a bridge loan very quickly when necessary -usually within the week ,we are a useful, brief interim step to help a borrower get from acquisition to the point where he can refinance the bridge loan with a bank or an exit via a sale.Ourfundsonline.com fit this category of private lender ( http://www.ourfundsonline.com ) and seeks to be a short-term solution for experienced real estate players - the quick-close arrow in their quiver.With over 25 years of real estate experience we know the importance of following through on our word and dotting all of our Iís and crossing all of our Tís so that the investor does not have to worry about anything but his next transaction and can feel comfortable leaving the present transaction in our hands to fund and finalize.Contact managing member and president of Ourfundsonline.com listed below - Jeffrey Martino Young, ( http://www.youtube.com/watch?v=PqDjlB3fV8Y ) CaiforniaTDinvestments@gmail.com, Tel: (310) 984-0496, Cell: (877) 870-2676

Press Contact:
Jeffrey Martino Young
1585 Terrace Way, Suite 158
Santa Rosa, CA 95404
Mob: (310) 984-0496
Tel: (877) 870-2676
Company: OurFundsOnline.com
Contact Name: Jeffrey Martino Young
Contact Email: CaliforniaTDinvestments@gmail.com
Contact Phone: (310) 984-0496

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