Hard Money Loans for Real Estate Investors
- New Construction
- Transactional Funding
- Long-term rental
These loans serve different purposes but can be effectively financed through the use of a hard money loan. Real estate investors have a variety of needs and interests and the hard money loans from these Lima One Capital programs are available to fit those needs.
Real estate investing has continued to rise and remain a popular form of investing in the United States. To date the number of investors doing fix-and-flip investing has reached pre-housing bubble highs and investors are bringing home record profits. Providing hard money loans for real estate investors has also become more popular as well with more hard money lenders looking to get in the game.
To ensure that a potential real estate investor is ready to get started in investing here are a few tips on what to know before getting started.
Do Your Homework
Learn the ins and outs of what it takes to be a successful real estate investor. There are many paths that a potential investor can take towards accomplishing their investing goals and understanding which works best for you is a great first step to working towards your investing goals. Understanding how to estimate rehab costs and running price comparisons of other houses in the same neighborhood as your property can help save on costly expenses down the road.
Find a mentor or attend local REIA (Real Estate Investors Associations) who you can make connections with to help you with the real estate investing process. Many of the people who attend or speak at these meetings have made mistakes and know the best practices from their past experiences and would love to share them with you. They can also help you connect with contractors or other valuable members to a real estate investing team.
Take the First Step
After doing your homework and learning the ends and outs of investing take the first step towards making your investing goals payday loans in Calhoun a reality! Analysis paralysis can delay new investors from taking the necessary action to get starting with investing so just taking the first step goes a long way in becoming a successful real estate investor.
Hard Money Loan Rates
At Lima One Capital the interest rates and terms on our short term product, the FixNFlip, start at 12% and go as low as 7.99% based on borrower experience. Borrower experience is defined as the number of completed flips in the last 12-24 months, even deals that weren’t financed by Lima One Capital! Tier 1 is designated as borrowers who have never completed a flip or have completed one deal. Tier 2 offers an interest rate of 11% to borrowers who have completed 2-4 deals in the last 24 months. Tier 3 is for the more experienced investors who have completed 5 or more flips in the last 24 months. Tier 4 is considered for elite real estate investors who have completed 15 or more flips in the last 12 months. Again these deals don’t have to be financed by Lima One Capital as long as they were completed and flipped in the last 12-24 months!
With our long-term product, the Rental30, can be used for the purchase or refinance of an investment property that will serve as a long term rental. The Rental30 is perfect for buy-and-hold investors who are looking to grow their rental property portfolio and use rentals as a passive stream of monthly income.
Our loan programs are available throughout our entire lending area, if you would like to view a map of our lending area, click here.