Colorado Private Money Loans
Serving Colorado residential and commercial property owners and residents, RTI is a private money lender that provides private money loans. These loan types are much like all hard money loan types. They are short-term, fast-funded, and they are usually used to purchase a new real estate property. Private money loans are prevalent for property owners as well as real estate investors. Expect to see the real estate market in Colorado to rise dramatically over the next few years – it’s a hot and booming state right now – it’s the best time to invest! Call RTI Bridge Loans today and get started with your own private money loan.
Fix And Flip Loans In Colorado
Fix and flip loans are very popular in the beautiful state of Colorado right now. These types of loans enable real estate investors to purchase a property, renovate it and fix it up, then sell it for a nice profit. When the property is sold, the loan is paid back completely. The short loan time gives the investor enough wiggle room to fix up a property and put it on the Colorado real estate market. You’re bound to make a great profit with fix and flip projects – the Colorado housing market is on an incredible rise.
So, What Are Hard Money Loans?
Are hard money loans worth your time and completely legit? Yes, and yes! Let’s take a look at the factors and key selling points. If you are having issues acquiring a traditional bank loan, a hard money loan may be for you, especially if you’re tired of the lengthy process that bank loans entail. They are a great way to borrow without the use of traditional lenders. The loan amount you receive is based on the collateral property.
There are a few different types of hard money loans, including commercial property loans, bridge loans, private money loans, fix and flip loans, etc. Hard money loans have higher interest rates compared to traditional bank loans and are given out only short-term. Each type of hard money loan has its own purpose. In addition, an added positive is that there are far fewer hoops to jump through compared to bank loans. Contact RTI Bridge Loans today to learn more about what hard money loans are, as well as which option will be best for you.
The Top Advantages of Hard Money Loans
There are tons of incredible benefits when it comes to using hard money loans to finance your next real estate property. They are easy to get, quickly funded, and having a blemished credit score won’t affect your application process. Check out the top three reasons why hard money loans and lenders are loved and trusted by so many people.
They Are Speedy:
Unfortunately, from the application process to actually receiving your funds, bank loans can take upwards of 1-2 months. You also need to meet qualifications, such as having an amazing credit score. With RTI Bridge Loans, you can have your funds in your pocket in as little as 3-5 business days – two weeks at the most. Additionally, the application process only takes a few minutes!
They Are Very Flexible:
Opting for a loan through a financial institution means endless rules and restrictions. They are far from flexible, whereas hard money loans have very flexible terms. Hard money lenders do have their own set of rules, but they are far less restrictive. They will make your decision quickly based on your collateral property.
Lenders Provide Loans For Reasons That Banks Will Turn Down:
Fix and flip loans are a good example of something that hard money lenders will finance, and bank lenders won’t. A bank, more than likely, won’t even consider it. Banks don’t like short-term loans – something that hard money lenders specialize in. In conclusion, hard money lenders provide you with flexible financial solutions for projects that banks won’t consider.
Call RTI Bridge Loans today at (310) 532-5008 for questions you may have regarding the benefits and flexibility of hard money loans.