Why Washington Real Estate Investors Use Private Money Loans
Investing in real estate can be a great way to expand or diversify your investment portfolio and build wealth. Purchasing property that appreciates in value and rental income are two ways to make profit.
One of the challenges for any investor can be coming up with required capital.
If you don’t have substantial cash – or aren’t comfortable parting with what you have – a hard money loan may be the answer. What are hard money loans and who uses them?
Why Successful Investors Use Hard Money Loans
Hard money loans are short-term loans issued by private lenders. Unlike conventional loans, a hard money loan is asset-based. The borrower’s property value is used to determine the loan approval and terms; creditworthiness is secondary.
Hard money interest rates are typically higher than traditional loans and repayment periods are shorter. But the loan application process is streamlined and paperwork is nominal, making it a great choice for house flippers and rental property owners in need of a quick turnaround and fast cash.
If you’re interested in real estate investing and need financing, a hard money loan can help you meet your investment goals.
We Are Your Washington Hard Money Lender
Gregory M. Russell has been a trusted hard money lender in Washington State for more than three decades. We work in partnership with our clients – and help them find success. Talk to us about your financing needs and goals in real estate. We’re here to help you reach them with an easy qualify private money loan. You can reach our lending team at 1-888-477-0444. Or simply complete our online loan request form. We look forward to working with you!