Although there are many private hard money lenders in DC, it is essential to choose the most reliable hard money lender who ensures the quickest closing for your loan. We are a nationwide leader of offering all kinds of hard money loans.
Most home buyers take advantage of conventional loans offered by customary lending associations that offer loan after verifying their income and credit records. Hard money loans do not depend much on the credit records provided by their prospective borrowers. Lenders of this loan view the assets or collateral of the borrower instead. This type of loan is the perfect option for real estate investors with inadequate funds who desperately wish to invest in a property. Everyone knows how difficult it is to approach conventional banks because their strict requirements often prevent people from acquiring the money that they need at the quickest possible time. Because of this, thousands of real estate investors decide to turn to hard money lenders.
Hard money usually comes from private companies or individuals who are also capable of measuring the circumstances of borrowers. The good thing about private or hard money lenders is that they have a more open mind. They know that a poor credit record arising from non-payment of financial obligations due to employment loss in the past does not indicate the present and future ability of the borrower to pay off the loan that they acquire from them. Hard money loans in DC which are provided by private lenders also allow borrowers with poor credit history to start over and restore their credit reputation especially if they make it a point to pay their present loan on time.
Hard money loans in DC are easier to acquire than conventional loans since no credit or income verification requirements are needed. The value provided is usually 50% up to 75% of the collateral. You just have to make sure that you are familiar about how hard money lending works before you work with a hard money lender since this can help you in deciding whether this type of loan really works for your specific financial circumstance. It is also necessary for you to gain a full understanding about the policies of your chosen hard money lender so you will know if these are favorable for your desired investments.
NLD Settlement Corp offer hard money loans in DC for both residential and commercial properties. As we work together with private hard money investors, local Attorneys, CPA's, and Hedge Funds, most of the transactions are funded in a short interval of time. Hard money funding also provides an opportunity to the investors to acquire new properties.
We are considered as the best and most reliable hard money loan lender in DC as we provide rehab loans as well. Being arehab hard money lender in DC, we consider the amount of loan on the basis of ARV (After Repair Value). The banks and other financial institutions consider the purchase price of the property and thus the funded value is less for the loans. On the other hand, utilizing investor rehab loans the overall return on investment for all the projects will increase.
NLD Settlement Corp is the leading commercial hard money lender in DC offering commercial loans for 12-36 months and with minimum formalities. While the investment property loans are issued for 6-12 months. We also provide hard money loans in DC for purchases for which you need to submit a minimum of twenty percent as a down payment. There are no hidden costs involved in the process. Feel free to contact us for any queries. Browse through our website for more details and get your hard money loans at the earliest.