Private lending is great for investors because it eradicates intermediates such as banks, finance companies, investment managers and credit unions. Lenders obtain the maximum proceeds from their property-collateralized investments sans forfeiting large allotments of their returns to various institutions, therefore investors receive greater risk-and-return results.
Private lenders become secure by the mortgage note on the home, as it is fundamentally the centerpiece of the deal. Collateral is certainly emphasized in this non-traditional lending, which possesses a protocol that incorporates the protection of a lender’s interests.
A standard private lending transaction typically includes a promissory note, mortgage, title insurance and hazard insurance.
We will secure the best possible funding sources based on your individual situation. The length of a loan from a private lender, however, is influenced by a combination of market conditions, complexity, planned exit strategies and scope.
Not only is there no standard term, there also is no definitive loan amount. Totals vastly differ, plus they largely depend on the scale of the property or offered project.
With our sizable pool of investors, lenders and even banks, Associates Home Loan of Florida surely can guide you through the private lending process! Call us today at (866) 257-9476.