Hard Money Lenders
“What value is added to your business by
using a Private Money Lender?”
Previously called “Hard Money” lenders, Private Money lenders can help you obtain properties that conventional lenders won’t. Conventional lenders use systems and guidelines that tend to be stricter. Private Money lenders are real people and look past some the things conventional lenders don’t. This means you will get the money when conventional lenders turned you down.
Real financing strategies for real estate investors that work in the REAL world.
Pine Financial Group, Inc is the premier lender for real estate investors in Colorado and Minnesota. With an extensive background in alternative financing sources, Pine Financial Group can help you close your next deal.
Here are just some of the ways we can help you make money in this business:
Rehab loans: We have private money available to help you with your next rehab project. We are one of very few fully licensed and insured companies lending in Colorado and Minnesota today. We are also one of even fewer that actually has a steady flow of money to loan out. We can loan you the purchase price plus loan you the money for the repairs on your next project.
IRA Loans: Did you know you can make loans or buy property in your IRA and never pay taxes on the gains? Did you know you can actually finance properties that you buy in your IRA? It is required that these loans be non recourse, meaning you cannot be personally liable. For this reason it is a very difficult loan to find. We offer a non-recourse IRA loan to fix and flip properties in your IRA.
Conventional Loans: Because of the current lending environment we are no longer offering conventional loans. We do have a solid network of conventional lenders and would be happy to give you a referral. Please contact our office for assistance.
Portfolio Loans: A portfolio lender loans their own money and keeps the loan in their portfolio. Because these loans do not get sold, they do not fall under the Fannie/Freddie guidelines. Ever wonder how someone can own more than 4 properties? These lenders also do loans in a business name (never shows up on your personal credit report), they can do several properties in one loan (known as a blanket loan), and they can finance an unlimited number of properties. Pine Financial Group, Inc has relationships with several local portfolio lenders that we can refer.
Since 1997 when MMTC began offering short term investor loans for fix and flip properties, MMTC has funded over 5000 fix and flip loans totaling in excess of $1.2 billion in loans. The customers of the company are experienced Borrowers who need fast and reliable responses and closings. MMTC provides fast and predictable loan approvals and closings, the ability to work with a variety of property conditions, logical underwriting, and reasonable interest rates and fees which are considerably less than hard money financing options.
Contact Kim Hubbard at 303-770-6801
The Investor’s Source LLC is Colorado’s premier investor-friendly hard money lender. We fund loans that banks – and other hard money lenders – won’t, with a loan decision-making process rooted in common sense. If the bank says “no” to your financing needs come talk to us! Flexible rates and terms available.
The advantage of using private money is that we don’t turn down a borrower due to a recent bankruptcy or credit dings due to medical collections. Although, we do pull a credit report on each file we look at. We look at the whole file and do a “make since” underwriting. We don’t send the file to some out of state underwriter or appraisal company. All of our underwriting is done in house and locally.
Contact Frank Brock at 303-369-8000