What Is a Hard Money Loan?
A hard money loan is a loan secured by a “hard asset,” with real estate being one of the most prevalent hard assets. Therefore, a hard money lender is a lender that bases the loan amount and interest rate on the asset’s worth.
When to Use Hard Money in Real Estate Investment?
Even though hard money lenders often provide loans for almost any sort of property, some types of real estate transactions were built for hard money. Hard money was used to fund renovation projects, construction loans, and real estate loans.
When flipping a property, for instance, investors must have access to cash for both the purchase and remodeling charges. Typically, these projects have a short duration, therefore investors cannot afford to wait for the regular loan approval procedure.
This does not exclude the financing of other sorts of ventures using hard money. If you, the buyer of a property, have credit concerns or need to move fast before an opportunity vanishes, the speed and ease of a hard money loan may be priceless. In these circumstances, hard money loans may be used to acquire residential or commercial properties.
What does BridgeWell Capital entail?
BridgeWell Capital is the leading private lender for real estate investments in Florida. We work with investors around the Sunshine State that want a quick and hassle-free source of funding to seize investment opportunities as they arise.
BridgeWell Capital specialists often finance investments in less than ten days, regardless of your present credit, financial, or job standing.
Why Invest in the Real Estate Market in Florida?
Real estate investors in Florida may take advantage of several excellent options. Here are a few advantages of the Florida real estate market:
- High Inventory Levels:
With abundant inventory in all price levels and favorable circumstances for purchasers to discover their ideal houses, Florida real estate investors have a fantastic chance to amass riches. Nonetheless, when sales volumes climb significantly, real estate investors must acquire their inventory swiftly. The private money lending products of BridgeWell Capital may assist investors to increase their market share.
- Great Prices: Home prices have not been this cheap in years. Real estate investors in Florida can complete more transactions and amass more riches as a result of the abundance of affordable properties and low mortgage rates.
- Low Mortgage Rates : Florida’s low mortgage rates make it an attractive destination for investors looking to acquire real estate. The mortgage interest rate is at its lowest level since the 1960s. Low mortgage rates may boost the buying power of real estate investors. BridgeWell Capital provides the market’s lowest mortgage rates, so if you’re seeking the lowest rates available, look no further.
- Successful retirement Destination: Florida (and other Florida towns such as Tampa, Jacksonville, Tallahassee, and Sarasota) are poised to gain from the good weather and outdoor attractions that make it a popular retirement destination. Real estate investors have a fantastic chance to sell their houses as the number of retired purchasers continues to rise.
What is BridgeWell Capital’s specification?
BridgeWell Capital is prepared to become an important member of your real estate investment team and is dedicated to your success.
Funding of over $500,000,000 for successful real estate investors.
Since 2008, America’s Most Reliable Investment Lender.
3. On-Time Shipping
Our loans are backed by genuine in-house Private Capital. If you are prepared to close, so are we.
4. Simple to Work With
Include a qualified Investment Coach on your team.
5. Best Terms
We Guarantee the Lowest Investment Loan Rates! Don’t pass up the greatest prices in the country!