Since you are in the
market for hard money financing, we know that
time is of the essence!
That's why we spent the time
and money to create an INSTANT DECISION online hard
money loan application. If we can offer you
financing, you will know within 60 seconds.
This is not a portal to some other website... this
is technology LV Hard Money invested in.
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NOTICE OF DEFAULT?
No Problem!
NOTICE OF
TRUSTEE SALE?
No Problem, but you'd better apply
online right away!
NEED FAST CASH?
No Problem. If you've got the equity, we've got
the cash.
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How does Hard Money
Work?
A hard money loan is a real estate mortgage
collateralized against the quick-sale value of the property
for which the loan is made. We usually fund in the first
lien position, meaning that we are the only mortgage holder.
Occasionally, we will subordinate to another first lien
position loan; this loan is known as a mezzanine loan or
second lien.
We structure our loans based on a percentage of the
quick-sale value of the subject property. This is called the
loan-to-value or LTV ratio and typically hovers between
60-75% of the market value of the property. For the purpose
of determining your LTV, the word "value" is defined as
"today's purchase price." This is the amount a lender could
reasonably expect to realize from the sale of the property
in the event that the loan defaults and the property must be
sold in a one- to three-month timeframe. This value differs
from a market value appraisal, which assumes an arms-length
transaction in which neither buyer nor seller is acting
under duress.
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