Downey Private Money Loans
At RTI Bridge Loans, we pride ourselves in offering premium private money loans in Downey and neighboring communities in Los Angeles, CA. You enjoy premium lending experiences backed with a fast application process and quick approval, so you flawlessly finance your residential or commercial properties in Downey, CA.
A report released by the LA County Assessor’s office revealed that Downey’s real estate market value grew to a record $1.6 trillion in 2019, trending up by 6.5% from 2018. We expect the market to grow further as it recovers from the bites of the COVID-19 pandemic. Consider also Downey real estate is currently a seller’s market, presenting an incredible opportunity to investors looking to diversify their real estate portfolios.
At RTI Bridges, we do not want financial hurdles to limit your investments. Contact us today for private money loans that will get your next project’s wheels rolling.
Downey Fix & Flip Loans
Are you a Downey investor looking to purchase discounted properties, rehabilitate them and finally sell them for a profit, but unfortunately, you have no cash of your own to invest? If so, consider applying for a fix and flip loan. The real estate serves as the collateral.
In property flipping, you need cash to buy and renovate a property and the means to cover property taxes, homeowner’s insurance, and utilities from the day you close the deal until the day you sell the property. That is why you must work with a Downey hard money lender committed to seeing your flipping investments sail through.
With over 30 years of experience financing fix and flip projects in California, RTI Bridges is here to help you buy and renovate a property with zero financial constraints. Call us today at (562) 857-2285 for a quick fix and flip loan in Downey, CA.
So, What Precisely Are Hard Money Loans?
Hard money loans become an excellent alternative to conventional loans if you are having difficulties getting a traditional loan, have an imperfect financial history, or cannot wait the long period it takes to receive a bank loan. They are a quick way to access property investment financing without the hurdles of typical mortgage lenders.
Downey hard money lenders or companies like ourselves RTI Bridge Loans are typically uninterested in your financial health. Instead, they lend based on the value of the collateral. Defaulting on the loan gives the lender the leeway to sell the collateral to recover their money.
Because hard money loans are short-term, they attract higher interest rates than typical loans. Still, they are available in various options, depending on the specific real estate project or the borrower’s financial circumstance. For example, fix & flip loans are unique to property flipping.
Consider also hard money loans save investors the endless steps associated with traditional bank loans.
To get more information about Downey hard money loans and discover the best option for your next real estate project in the city, kindly contact RTI Bridge Loans today.
Top Benefits of Hard Money Loans
Below are the top reasons why Downey investors choose hard money loans over typical bank loans:
They Are Fast
Qualifying for a traditional bank loan demands you have a superior credit score and compelling loan purpose. It would be best if you still practiced more patience than Biblical Job because it typically takes over seven weeks to receive a bank loan. The case is different with Downey hard money loans. At RTI Bridge Loans, we help you finance a new property as soonest as possible by processing your funds within 4-14 days.
They Are Flexible
Unlike hard money loans, bank loans are rigid and come with stringent guidelines. But let’s first agree that each Hard Money Lending Company has its own rules and regulations, but generally, borrowers take less time and fewer steps to receive the loan.
Because Downey hard money lenders based their decision on the collateral, a perfect financial history should the least of your worries when dealing with the companies.
Help Finance Projects Often Rejected by Banks
Banks and other conventional financial institutions are adamant about financing projects. Hard money lending companies would like fiancé readily, for instance, fix and flip loans. What’s more, banks do not fancy short-term loans.
Do you have any queries regarding hard money loans in Downey, CA? RTI Bridge Loans has all the answers you need. Give us a call at (310)-532-5008.