Patriot Funding, Inc has structured many Hard Money loans for Businesses & Borrowers who look to either are in challenging situations, or looking to take advantage of a great deal and need to close quick. Hard money often does not require an Appraisal, Hard Money can generally close in as soon as 7 to 10 days depending on the transaction, more difficult transaction upwards of 14 to 21 days. Hard money can be priced as low as 8% with 4 to 5 points, upwards of 15% with 10 points, this all depends on the complexity and the risk associated with the type of property and the realistic exit plan.
What You Need To Know
No PrepPayment Penalty
Interest Only Payments
Rates have reduced on Hard Money
Terms up to 3 years