Alaska hard money loans
- Quick Approval and Funding
- Local Alaska Hard Money Lenders
- No Upfront Cost or Contracts
- No Credit Checks
Alaska Hard money lenders
Just like Alaska, hard money loans are at the private lending frontier in the financial sector. Alaska is the last untamed land in the country – raw, beautiful, and wild. If you are looking to expand your investments in Alaska with the assistance of a private loan, we can help you secure the best terms and rates. Alaska has three major advantages that makes it the perfect place to find hard money lenders:
- Land Mass – Alaska is the largest state in the country, and contains many natural resources
- Oil and Natural Gas – the energy sector is a major employer in the state and provide financial strength to the population
- No State Tax – and business friendly environment makes Alaska an ideal location for securing private financing
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.
Investors looking to purchase multifamily properties in Alaska 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 Alaska enjoy low vacancy rates and good cap rates. We can provide funding for any investment strategy:
- Refinance
- 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
- Office buildings
- Hotels/motels/hospitality
- Industrial building
- Healthcare – nursing homes, hospitals, healthcare centers
- Land
- Warehouses
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 Alaska 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 inIn Alaska parties can agree to any interest rate in loans with principal amount higher than $25,000, and are exempt from usury laws (Alaska Statutory Title 45, Chapter 45) 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.
Wether 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.
Alaska Hard Money Laws and Regulations
In Alaska parties can agree to any interest rate in loans with principal amount higher than $25,000, and are exempt from usury laws (Alaska Statutory Title 45, Chapter 45)
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