Nevada hard money loans
- Quick Approval and Funding
- Local Nevada Hard Money Lenders
- No Upfront Cost or Contracts
- No Credit Checks
Nevada Hard money lenders
When you need capital within days, not weeks – finding the right Nevada hard money lenders can be the difference between getting the deal or letting it slip away. Financing is the oxygen of the real estate industry, and more and more investors are finding the benefits of securing capital through private firms rather than relying on traditional banking. The key difference is ‘asset-based’ lending – where underwriting is based on the quality of the real estate, less on the individual borrowing the money. In the world of big banking – an individual with credit issues or bankruptcy will face an uphill battle in trying to get a loan – regardless of the quality of the asset. A good deal will still be a good deal if it is purchased by an individual with a bankruptcy on record. Because asset based lending is focused on the property, the approval process is much faster – our underwriters only need to evaluate the property, and you can be approved in days, not weeks or months.
Nevada Hard Money Lenders – few states experienced the rapid population growth like Nevada in the past 10 years. Increased tourism to Las Vegas and massive baby boomer migration to Nevada’s affordable homes and warm weather made it a popular destination for many new residents. Las Vegas is now one of the 30 largest cities in the country and growing very fast. The state’s location – close to southern and northern California makes it a perfect spot for logistics and warehousing distribution centers.
We believe private financing will change the lending world just like Uber changed transportation. During the 2009 financial crisis we learned that most of the fears associated with private financing (predatory rates, high fees, speculation) were regular practice for the major financial banks. 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 turnaround of days, not weeks – you can secure financing on a deal that requires a fast close and beat other investors with a better offer.
Investors looking to purchase multifamily properties in Nevada 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 Nevada 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
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 Nevada 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 Nevada 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.
Nevada Hard Money Laws and Regulations
Parties to hard money loans in Nevada can agree to any interest rate (Nevada Revised Statutes, Title 8, Chapter 99).
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