When the Bank is not an option, Provice Capital has you covered.
Hard Money Loans
A "hard money" loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. Also known as an asset based loan, a hard money loan is traditionally used to finance the acquisition of a property, as well as improvements or renovations for real estate investors or as a short term financing solution for borrowers who can not qualify with a conventional bank. In the case of a real estate investor, after the renovation is complete the property will be sold or leased up. The hard money loan will then be refinanced with a lower rate & longer term permanent financing. Essentially, hard-money loans "bridge" the gap for the investor until permanent financing becomes available or the property is sold.
Why a Hard Money Loan?
When you need to close fast (in less than 2 weeks).
When the property is not generating any income (not leased).
When the property needs renovations.
When you don't have great credit (below 620)
When you can't provide verifiable income (no tax returns available).
Foreign National Borrower
Benefits of our Hard Money Loans
Flexibility
Quick closing in 3 - 7 Days
Interest-only payments
Wide range of property types
No cap on number of properties
No Minimum credit requirement
Eligible Properties for Hard Money Loans
Single Family Homes
Condos
Townhomes
Duplexes
Whether you have a simple rehab or a major renovation project - you need a lender that understands the entire process, can close your loan with speed and flexibility and can provide funding quickly and efficiently. Provice Capital has the knowledge and experience to deliver on the results you want to achieve your goals, let's get started today!