RCN Capital is a nationwide, private direct lender. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties.
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%,  because of the higher risk and shorter duration of the loan.
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Hard money (also known as a rehab loan or bridge loan) is the term used for loans funded by private parties who want a safe and high return. The Norris Group is a broker who arranges loans for and sells notes to private investors.
Due to this higher risk involved on a hard money loan, the interest rates for a hard money loan will be higher than conventional loans. Interest rates for hard money loans range from 10 – 15% depending on the specific lender and the perceived risk of the loan. Points can range anywhere from 2 – 4% of the total amount loaned.
Need hard money lenders with hard money loan options for bad credit or no/low cash to close? Call today and learn about 100% Financing options. 801-692-7703
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In order for the company to be able to borrow more money. on their loans. It’s even possible that CRG is shorting the same stocks where it’s lending as a way of hedging their risk. It seems that.
Get direct hard money loans in Los Angeles, California or anywhere in the state for residential & commercial property purchases & refi’s. Interest rates starts at 7.99%. Call: 800-571-0887.
credit score to purchase a home Bottom line. A low credit score can make getting a mortgage more difficult, but there may be options. However, before focusing on finding a home, determine your budget and review your credit reports to understand why your credit score is low.