Hard Money Bankers Shows They’re The Top Hard Money Lender In Washington D.C.

Hard money lending is a challenging proposition in the Washington D.C. area. Hard money loans entail borrowers receiving funds that are secured by real property. The loan is mainly for people trying to manage investment properties.

It is easy to apply for a hard money loan, plus it is useful for people who cannot get the funding they need when they require it the most. You can use your hard money loan to help you with whatever property project you wish to run.

But the challenge of finding a good hard money lender in Washington D.C. can be frustrating. The good news is that Hard Money Bankers is available to help people acquire their hard money loans with the best possible terms.

You can use your hard money loan for whatever you require, including for when you need to make improvements on your investment. The loan is useful if you need short-term financing, or if you have a lower credit score that keeps you from qualifying for loans from other places.

How the Process Works

Hard Money Bankers provides help for people throughout the Washington D.C. area. They work with a unique practice you can follow when you need to apply for a loan:

1. You can complete the application on the Hard Money Bankers website at hardmoneybankers.com. The application will include details on the property you will use to back the hard money loan.
2. You will then send the proper documentation if you are preliminarily approved. The document can entail details on any appraisals or inspection reports for your property and a listing of any proposed repairs you wish to complete.
3. You must also provide the title information on your property.
4. Proof of general liability property insurance is also necessary for your work.
5. You can also plan a construction escrow effort with the lender if you plan on borrowing money for construction or rehab projects. You will require at least three draws in most cases.
6. You must then sell or refinance the property to ensure the lender receives the full funds.

Who Benefits From Hard Money Bankers?

There are many parties that will benefit from what Hard Money Bankers offers:

• You can finance a new construction project with your hard money loan.
• Fix-and-flip projects are easy to run with hard money loans.
• You can use a hard money loan on a rental property, especially if you need to fix the space.
• You could even acquire vacant land for future zoning projects with a hard money loan.

Convenient Solutions For All

You’ll find many convenient features in what Hard Money Bankers provides for your hard money lending needs in the Washington D.C. area:

• Hard Money Bankers can provide approvals in about 24 to 48 hours. The team can also settle the funds for a loan in about a week.
• The team does not have any set fee schedules, although the hard money loan will cost a few percentage points of the loan amount.
• The group also complies with all limits on how much interest can be charged and other terms for each loan.
• You may qualify for a deal where you don’t pay any pre-payment penalties if you cover the loan cost early.

Hard Money Bankers proudly offers quality services as a hard money lender in Washington D.C. Take note of what the team provides if you’re ever in the market for a hard money loan in the area.