Any type of conventional low interest rate loan will need good credit too facilitate the financing. If you have poor or bad credit we provide bad credit hard money loans to investors. Very often we get borrowers who can get bad credit fixed in a matter of weeks or months. The score to aim for is anything higher that a 640 FICO. If you have good credit above 720 FICO there are cost effective stated income products cheaper than bad credit hard money loans.
Getting a cash out refinance loan with bad credit is probably the main fulcrum of a hard money bad credit loan. Cash out refinancing allows investment property owners the financing capability to buy new property, get a business loan or for income tax emergencies. Other issues may be bankruptcy foreclosure, property liens, tax abatement, cash for apartment or commercial rehabilitation. Our low interest private lending interest rates are not dependent on any poor credit score.
By utilizing bad credit private hard money lenders, investors can levitate new business or portfolio diversification. The about hard money loans is 90% are bad or poor credit financed loans. We always try to guide investors to get better credit as the options open up respectively for lower cost loans.
Investors mat be looking for a commercial real estate loan bad credit or bad credit mortgage financing.
Commercial mortgage loans for bad credit again can be facilitated with private money whereas a bank will refuse poor credit funding.