“Hard Money Lender in Los Angeles” may sound like an action movie from the 80’s, but it’s actually something that we do. A hard money loan may be the solution that you’ve been looking for. However, it’s important to note that these loans aren’t for everyone. They are just one of the many different kinds of loans that we offer here at US Direct Lender. In this blog, we’ll go over what a hard money loan is and how it might work for you.
Hard Money Loans Explained
These loans tend to be secured by real property. This means that you don’t use pay stubs or something like that, but rather where some piece of property you own is the collateral. These loans are considered “asset-based loan financing,” which makes sense, as they’re backed by an asset: your real property. Often, we find that these loans are used by real estate investors, but plenty of regular people have found success with these kinds of loans.
Hard Money Loans Fast
As with so many of our other loans, you will not have to wait around for us to approve it. Instead, you’ll be able to hear about these loans quickly. You will know if you’ve been pre-approved for these loans within 24 hours. You don’t need to wait for days and days just to hear whether or not you got approved for a hard money loan. We always make sure that we tell prospective borrowers quickly so that they can make the best plans for their lives one way or the other.
A Loan to Finance What You Want
Many of the people who come to us for a hard money loan do so because they want to get a loan that they aren’t sure they’ll be able to get elsewhere. These loans can be used for far more than just getting a home or something like that. Hard money loans are flexible in use, so if there’s something you’ve been thinking about, these loans can help you to accomplish it. Many banks that you may go to have a very strict, set in their ways criteria for lending money. Here at US Direct Lender, we try to be flexible, so that we can help as many different kinds of people as possible. A hard money loan can be an easy answer to a financial concern.
Your Hard Money Lender in Los Angeles and More
Like so many of our other loans, if you have any questions about how this works, don’t hesitate to reach out to us. US Direct Lender offers so many different kinds of loans. Hard money loans are one of our most popular, but you don’t need to have an asset like real property to be able to get the loan you’ve been looking for. To use an example, we also have no doc loans as well. If you’re unsure what kind of loan would be right for you, we can help at (626) 460-8900