National Commercial Mortgage Funding, Inc. (NCMF, INC.) is pleased to announce the expansion of their Hard Money Loan services to the state of Florida. This is great news for individuals in or around the greater Miami or Tampa regions that are seeking loans.
If you are interested in obtaining a Hard Money Loan and would like to get more info prior to reaching out to a representative, or are unclear as to the features and options provided by NCMF, INC. please visit our Rehab FAQ’s or our General FAQ’s page for more info.
If you are interested in securing a loan, please feel free to contact our Florida Representative below or fill out a Loan Application and we will respond in a timely fashion.
NCMF, INC. Hard Money Loan Senior Representative – Miami/Tampa Florida Region:
David J Lemon
1175 N Courtenay Pkwy Ste 4-A
Merritt Island, FL 32953
E Mail: email@example.com
Hard Money Lenders Florida – More Info:
If you are someone who is in need of fast cash and you will not be able to get it from the bank, then you will not have to worry about that too much, for the Hard Money Lenders Miami are at your disposal in order to offer you alternatives. Compared to a traditional bank loan you will find the hard money loan to be a little different. So while the bank will require you to use terrific real estate as security, the hard money lenders will offer funs based on using collateral. These loans are often real estate structured loans, so what this means for the lender is that the underlying property is certainly the major focus here. So to make things simpler, the value of the property that you will put as collateral will influence the amount of money that you will be able to get from such lenders.
When a case will be examined by a lender, the loan originator will have to be aware of certain things. The first question that will have to be answered quickly is what exactly is the property? There are a lot of property styles, yet the hard money lenders will not be interested in all of them. In some cases, they will, but this will only depend on the type of property in cause.
So who will actually decide the value of your property? Well that is generally done by an appraiser, yet it is also a matter that can be the duty of a real estate professional. After the value of the property is decided upon, the client will now be able to state an amount of money he or she needs to be loaned.
After all this info is shared with the lender, the loan can be offered to the client in a very short time. In the majority of cases, the money will reach the client’s bank account within a week or less than that. The fact is you will need to keep in mind that there is a crucial difference between this hard money loan and a regular bank loan. That difference lies in the fact that interest rates are usually much higher for this type of loan. The main advantage though of such loans is that they don’t take into account the client’s credit score and they will also be offered in a very short period of time, which makes them a top choice for people who are dealing with financial expenses they cannot cover.
So if you need Hard Money Lenders Miami and you live too far away from them, then don’t worry for they have expanded to the middle of the state and their Hard Money Lenders Tampa can serve you as well. This means quicker access for those living in that area so no more commuting problems to deal with, as well as further expenses for that.