Alabama Hard Money Loans
Private real estate lending solutions for every investment strategy.
Alabama Hard Money Lenders
Finding the right Alabama hard money lenders can be the key to your real estate success – and we can help. If find a new project, a fix and flip, and you need the capital to purchase and renovation costs, a hard money lender can help you get there in a matter of days. Getting a regular loan from a bank for a project could take 2 or 3 months start to finish. By the end of it the deal could be gone and in flipping, time is everything. Also, good luck getting approved at the bank for any investment loan with bad credit, bankruptcy, or child support liens – for them, you are a high risk burrower not worth of their time. Hard money lenders are different. The focus is on the property you buy, not the burrower.
Asset based lending is totally new way to purchase real estate. In hard money lending, the focus is the property, not your credit history. This means that if you find a good deal, we can get you the capital necessary to make that happen.
We believe private financing will change the lending world just like Uber changed transportation. The 2009 financial crisis showed us we cannot rely on traditional banks alone and most of what we fear with private lenders (predatory rates, high fees, speculation) actually was practiced by large financial institutions. The sharing economy is proof that the most efficient way to conduct business is peer-to-peer where both parties can dictate the terms that are comfortable for their needs. The advantages of traditional mortgages are clear – lower rates from institutions that are highly regulated by the government. However, many shrewd investors realized that speed of approval is just as important as low rates. This is where private hard money loans come into the picture – with a loan turnaround of days, not weeks – you can secure financing on a deal that requires a fast close. Finding the right Alabama hard money lenders isn’t hard, you just need the right help – and this is exactly how we can help you get there.
Investors looking to purchase multifamily properties in Alabama who are looking to close fast or with credit issues can secure capital with private hard money loans. Considered by many as the safest real estate investment, apartment buildings in Alabama enjoy low vacancy rates and good cap rates. We can provide funding for any investment strategy:
- Cash out
- Renovate and Flip
- Condo conversion
- Vacation rentals
We provide commercial investors with capital solutions for any type of commercial properties. Commercial hard money loans can be used for the following purposes:
- Purchase with a quick all-cash close
- Refinance an existing loan
- Cash out (first or second position)
- Construction loan
- You have bad credit, judgements, bankruptcy on your record
- You are purchasing a non-traditional asset and need a creative solution to a capital problem
- Shopping centers/Retail malls
- Single tenant
- Industrial building
- Healthcare – nursing homes, hospitals, healthcare centers
Unlike other lending sources, we highly specialize in mobile home parks thanks to our years of experience and depth of knowledge in the field. Mobile home parks and manufactured housing are a unique form of real estate, very different than other residential investments. In fact, every state has a unique set of laws just for mobile home park owners and residents.
With almost every coastal state with a housing crisis, and a fast growing demand for construction goods – we believe manufactured homes are the solution to many of this housing challenges. Mobile home park investors in can contact us for any of the following purposes:
- Mobile home park purchase
- Neighborhood development
- Senior mobile home park (55 and over)
- Tiny homes
Fix and flip project have two important elements: they wrap up quickly and require capital. This is why real estate professionals in Alabama who seek a fix and flip hard money loan come to us for possible solutions. Private lending are the perfect match for flippers with fast approvals and asset-based lending terms.
whether it’s a house or duplex – sometimes you can’t wait to sell your current flip to purchase the next fixer-upper. This is where we can come in and provide a ‘bridge loan’ to make sure you don’t miss your next project due to capital challenges.
Experienced flippers with good credit get up to 90% of the purchase price and 100% of the rehab costs.
Alabama Hard Money Laws and Regulations
- In Alabama, parties may agree to any interest rate in loans with a principal of $2,000 or greater. (Alabama Code Title 8).