Hard money loans can also be called private money loans or bridge loans. These loans are short-term, asset-based, privately-funded loans. Traditional loans are based on things like credit, ability to repay, employment history, and income. Our hard money loans are based on real estate collateral. Visit our Hard Money Loans page for terms and pricing.
Timing is a huge factor in why someone would chose hard money. When a loan needs to be funded in a short amount of time or the loan is only needed for a few months, a bank loan just takes too much time.
Credit issues are also possible to overcome through hard money. Because the loan is based on collateral, those with credit issues can turn to hard money loans.
Create Working Capital
“More businesses die from indigestion than starvation.” When companies need money for everyday business expenses such as payroll or filling orders, hard money loans can be much less expensive than accounts receivable or factoring.
Capital Asset’s money is great for businesses that are expanding operations or entering new markets. When it is difficult to qualify for long-term commercial financing, Capital Assets can step in so that you don’t miss that crucial opportunity. Capital Assets can bridge that capital gap until your company can qualify for more long-term financing. Borrowing money has historically proven to be less expensive than giving up equity in your business and you do not lose control of your business.
Fix and Flip
Capital Assets is a great resource for real estate investors who purchase properties at large discounts, fix the property, and sell it for profit. When you need the money quickly for a short term and don’t want to deal with the bureaucracy of a bank, call Capital Assets.
Purchase a Home at Auction
Some of the best real estate deals can be found at trustee’s auction sales. After winning the auction the trustee of the property must receive funds for the purchase within 24—36 hours. Capital Assets can help meet this strict funding deadline. Please contact Capital Assets before the auction to arrange terms and conditions.
Capital Assets is perfect for borrowers that have good equity positions in their properties, but do not have the cash flow to make payments. Capital Assets can stop foreclosure by refinancing the loan in default and give more time until a more equitable solution can be found. Payments can even be escrowed at closing.