Short-Term Financing: Compared to traditional 30-year loans, short-term financing typically spans 12-24 months and consequently reduces the amount of interest paid over its lifetime.
Faster Closing: Because they are not bound by the same stringent regulations or drawn-out processes as banks, hard money lenders can close loans faster. This allows you to act quickly when an opportunity arises.
Less Paperwork: Hard money loans require less paperwork and allow you to get started on obtaining your mixed-use property investments without having to jump through hoops. This is because hard money lenders focus primarily on the value of the property being used as collateral.
Flexibility: Hard money loans are highly flexible and can be tailored to meet your individual needs. Whether you’re looking for a loan to acquire, renovate, or refinance a New Jersey property, you can find a solution that fits your needs. The repayment terms and conditions can also be tailored to fit your schedule and financial goals.
