Louisiana Hard Money Lender - Commercials loans no credit
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We specialize in commercial lending and purchasing notes We are a financial partner when traditional financing means are not available. We are not a bank. We are a direct private lender who can put cash in your hands quickly based only on your equity and assets. Our services allow you to get the cash you need without the uncertainty, delay and hassle associated with a traditional bank loan.
What is a typical hard money loan rate?
What are the typical hard money loan terms? Hard money loan terms vary geographically and by lender, but you can expect an interest rate of 7% to 12% and a loan origination fee of 1% to 3%.
Are hard money loans paid monthly?
Interest rates for hard money loans can vary greatly from one lender to the next, but they usually range between 7% and 14%. This interest is typically paid on a monthly basis, in addition to one balloon payment at the end of the 12-month term.
Can an LLC get a hard money loan?
In fact, most hard money lenders will only lend to corporations and LLCs. Hard money lenders do not issue consumer loans, so working with an LLC ensures that the loan is a business transaction.