Why is First Capital Trust Deeds Considered One of the Top Private Money Originators of Choice?
At First Capital Trust Deeds, we match real estate investors with exceptional financing solutions through our private lending trust deed investors and mortgage funds. Our team of highly-experienced mortgage professionals understands the importance of fast, reliable financing in the real estate industry, and are dedicated to delivering the service and support our clients need to achieve their investment goals.Why Do Real Estate Investors Use Hard Money Loans?
Why Do Real Estate Investors Use Hard Money Loans?
When planning to purchase, refinance, or cash-out refinance real estate, it’s worthwhile to consider hard money loans as an option. They offer several benefits, including a faster closing time than traditional financing options. Some lenders, such as First Capital Trust Deeds, can close loans in as fast as 24 hours in urgent cases, although the typical time frame is 5-14 days.
Additionally, credit score is not the primary factor for hard money loans, making them more accessible for borrowers with suboptimal credit. However, lenders will verify that the borrower's credit history will qualify them for long-term financing to repay a bridge loan.
Hard money loans can be used to finance vacant, high vacancy, or run-down properties that need a rehab — all of which are difficult to purchase with a traditional bank loan. These properties can then be rehabilitated or stabilized with long-term tenants.
Hard money loans typically come with higher interest rates and fees compared to traditional financing options, so it’s important to weigh the benefits and costs before making a decision. Seeking a reputable lender and professional advice can help borrowers make an informed decision on whether a hard money loan is the right choice for their real estate financing needs.
What Types of Hard Money Loans Does FCTD Originate in Palm Springs?
At First Capital Trust Deeds, we provide a diverse range of lending options to support real estate investors. Our hard money loans provide our clients the flexibility to quickly act on the right opportunities to maximize their investment portfolios. We offer many loan types to meet the specific requirements of our clients, ensuring they receive the appropriate funding to achieve their objectives. Our team of experts is dedicated to providing personalized and professional service to ensure a seamless and successful lending experience.
FCTD offers the following loans:
What Property Types Does FCTD Finance in Palm Springs?
