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Visions Capital Funding |
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See What VISIONS Can Do For You |
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WHAT IS A HARD MONEY LOAN / BRIDGE LOAN?
Hard Money Loans are Real Estate Secured Loans Where Traditional Financing May Be Unobtainable.
A “Hard Money Loan/Bridge Loan" is an asset-driven loan based on the collateral value of a commercial property. Almost any asset is up for consideration, be it real estate or other commercial property. Other assets include negotiable securities, accounts receivable invoices, equipment, inventory, etc. Typically, Hard Money Lenders fund very quickly, usually within one to three weeks and credit is generally not considered in making Hard Money loans. It's the value of the collateral that counts and most Hard Money Lenders will lend up to 65% loan-to-value.
Our Network of Hard Money Lenders is capable of funding millions of dollars quickly for:
· Commercial property purchases or refinances · Bank workouts · Foreclosure situations · Bankruptcies · Other types of opportunistic or problematic situations
Our Hard Money lenders have the ability to close loans quickly. They can have millions of dollars ready in a matter of days and with minimal prep work. There are no voluminous applications and endless interviews. Sometimes, it often takes a single telephone call, web site application submission or email to determine whether a deal may qualify.
We provide our clients a resource for obtaining non-conforming commercial real estate (Hard Money) loans.
Loan Amounts: $1 million to $100 million.
Lending Program Highlights
Super Fast Turnaround 2 Days for Commitment As Fast as 10 Days for Closing Up to 65% Loan-to-Value Ratio Commercial Property Acquisitions and Refinancing Development and Construction Bank Workouts Bankruptcies & Foreclosures Loan Terms From 1 to 5 Years Nationwide (Worldwide also available)
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HARD MONEY TRANSACTIONS
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Example:
Annabelle Investor wants to purchase an apartment building for $5,000,000. She needs a new hard money loan for $3,250,000, which is 65% of the property’s quick sale value. This leaves a balance of $1,750,000 to be financed. She must put $1,000,000 of her own cash or equity into the purchase (20% minimum borrower investment is required). The remaining 15% balance is $750,000, which can be financed with a seller carry back or other subordinated 2nd mortgage.
Hard Money Loans are Available for the Following:
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Amusement Parks Apartments Assisted Living Centers Auto Care Centers Auto Dealerships Bowling Centers Car Washes Casinos Child Care Centers Condominiums Congregate Care Facility Convenience Stores Distribution Centers Fitness Centers Franchises Funeral Homes Gas Stations Golf Courses Historic Hospitals Hotels/Motels Independent Living Facilities Industrial Buildings
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Industrial Parks Jumbo Home Developments Land Developments Marinas Medical Clinics/Medical Offices Mini Warehouses Mixed Use Properties Mobile Home Parks Movie Theaters Nursing Homes Offices (Multi-Tenant/Single-Tenant Warehouse) Office Buildings Outlet Centers Parking Garage Malls Rehabilitation Facilities Resort Restaurants Retail (Anchored/Unanchored, Single-Tenant) Single Family Skilled Nursing Facility Special Purpose Property Time Share |
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$5,000,000 -3,250,000 1,750,000
1,750,000 -1,000,000 750,000 $ 0 |
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Hard Money Loans are Available for the Following: |
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Quick sale price
Balance Borrower cash or equity (20% borrower investment required) 15% seller carry back or other subordinated 2nd mortgage Balance |
