What is a Residential Hard Money Construction Loan?

Residential hard money construction loans are one the best alternatives in the market today for those who are looking for a viable fast alternative to traditional banking and may already own the lot to be developed.
Below are just a few of the reasons when a residential hard money loan might be appropriate.
Single Family
Build to Rent/Flip
Asset Based
Quick Close
We will lend up to an agreed percentage of the total land plus development cost or the as completed appraised value. This is an asset-based loan and value we will be determined on the value of the overall deal presented.
Note: All Lots must be contracted to close prior to the closing of the construction loan.
The portion of the loan allocated to construction costs will be held back and advanced on invoices for approved completed work.

FAQ

When is a Residential Hard Money loan appropriate?

Borrowers with impaired credit (IPM Investorprivatemoney.com can lend to borrowers with any credit history)

Can you close quickly?

Yes, relative to obtaining all supplied docs to process and do so.

Can these properties but funded as rentals?

Absolutely, these type loans are perfect for those who want to build and hold them as income properties.