We are Nevada hard money lenders who offer much-needed flexibility in today’s market. If you’re looking for a straightforward loan opportunity that can get you funded swiftly and has a shorter repayment schedule, this may be for you. Continue reading to learn more about our Nevada hard money loan details.
What Is a Hard Money Loan?
A hard money loan is a loan backed by physical property. This type of loan is often sought by real estate flippers who plan to use their new funding to renovate property and sell it at a profit. The housing market often moves quickly and can have unexpected twists, so developers typically work on tight timeframes. These industry patterns match well with hard money loans, which are designed to have shorter repayment structures than other types of loans.
What Does a Hard Money Loan Look Like?
Cross collateralization of multiple properties is one way that hard money lenders commonly overcome higher loan to value ratios. Additionally, hard money lenders will work with borrowers on a personal level. You have the opportunity to speak with the individual making the funding decision. With no minimum credit score required, Streamline Mortgage’s dedicated Nevada hard money lenders will give you the opportunity to present your individual situation, and then our staff decides based on what makes sense for the given scenario. If the loan makes sense for both the borrower and the hard money lender, the deal will typically fund. A good hard money loan is one where there is a solid exit strategy and a clear benefit to the borrower.
Why Choose Streamline Mortgage?
When you opt for a hard money loan in Nevada with us, you’re choosing a name backed by years of successful deals and satisfied clients. Unlike banks and other funding avenues, we don’t require a minimum credit score, which offers our clients a much broader range of flexibility.
If you are looking for a Nevada hard money lender for new investors in real estate, then time is of the essence. Pick up the phone and call us at 702-343-1782 for immediate answers to your hard money questions.
