Hard Money/Private Loans

When traditional financing isn’t available, a hard money/private loan from Globenet Capital Group IS your only solution!

Hard Money Loans — Quick Reference

  • Second and vacation homes, investment property, and commercial properties are eligible. Primary, owner-occupied homes must meet certain exemptions to qualify. Call for more info.
  • Property title vested in a Corp, LLC, LLP, or trust are eligible.
  • Borrow up to 65% of the conservative value of your second home, vacation home, or investment property for purchase, refinance, or cash-out purposes (no owner-occupied primary residences unless the transaction meets specific exceptions)
  • 1st and 2nd mortgage loans available
  • Rates from 8.50% to 14.99% (*certain qualifications required)
  • SFR, condo / town-home, 2-4 units, apartments, mixed-use and commercial income property are acceptable collateral
  • Less than favorable credit ok
  • Quick closing

Restrictions

  • Residential hard money / private loans limited to California only (Commercial income property hard money loans available nationwide)
  • Minimum hard money residential loan is $50,000
  • No “cash-out” loans on lots or land
  • No residential rehab loans based on “after repaired value” (current AS-IS value only)
  • Homes on leased land do not qualify
  • All loans underwritten on a case-by-case basis

Use a Hard Money loan to:

  • Purchase investment or secondary real estate
  • — with a sufficient down payment plus closing costs
  • Refinance a loan on a second home or investment property
  • — obtain cash from equity, pay off a balloon or delinquent loan to prevent a foreclosure
  • Secure a 2nd mortgage on a second home or investment property
  • — cash out for debt consolidation, remodeling, repairs, business loans, investments, or for any reason
  • Obtain a bridge loan to purchase other real estate prior to selling your current property based on the equity in the departing residence (with a new property under contract)
  • Stabilize or renovate commercial income property
  • — for commercial apartments, offices, retail, medical, and mixed-use income properties when renovations are required, or to provide interim capital or bridge money prior to permanent financing

You may qualify for a Hard Money/Private loan, even if:

  • You have average or poor credit, minimal credit, or NO credit
  • — sufficient equity and the means to repay the loan are more important than your personal credit.
  • You have a recent bankruptcy, foreclosure, or divorce
  • — these issues are acceptable for hard money lending with sufficient equity and the means to repay the loan.
  • You have too much debt to qualify for a bank loan
  • — with the necessary equity in your property and the ability to repay the loan higher debt-income ratios are OK.
  • You’ve been on your job for less than two years. Provided your employment is expected to continue a new job is OK.
  • You have inconsistent or mixed income
  • — income can be from different sources and still be acceptable.
  • Title to your property is held in the name of a trust, LLC, or corporation
  • — title to the property can be vested in a non-natural person.
  • You need a business loan secured by equity in real estate, but are unable to qualify for a commercial bank or SBA loan.
  • You are a Foreign National with no U.S. employment or SSN and aren’t able to secure a conventional loan.

The right properties for Hard Money / Private loans

  • 1 – 4 unit second homes, vacation homes, and investment SFR, condos and townhomes. Primary 1 – 4 unit hard money transactions must meet specific guidelines.
  • Property with title vested in a corporation, LLC, LLP are OK
  • Apartment Buildings (5+ units)
  • Mobile Home Parks
  • Office and Medical Buildings
  • Multi-Unit Retail
  • Mixed-Use Properties
  • Hotels and Motels, Resorts
  • Athletic Clubs
  • Restaurants & Taverns
  • Dry Cleaners
  • Car Washes

Interest rates, terms, and points for Hard Money / Private loans

  • Interest rates vary between 8.50%* and 14.99%*, depending on a number of factors.
  • Maximum Loan-to-Value (“LTV”) depends on location of property and other factors. Areas where property values continue to deteriorate due to excessive short sales, REOs, and foreclosures most often won’t qualify for maximum loan-to-value of 100%.
  • Points and Fees ALWAYS apply. The percentage of fees for hard money loans varies based on a number of factors.
  • Terms vary between 3 months and 20 years. Payments are generally interest-only. An early prepayment penalty, if any, may apply.
  • Points vary per transaction depending on a number of factors and applicable state law.
  • An Appraisal is almost always required, the cost of which is paid C.O.D. at the time of service.

YOUR PREMIER RESOURCE FOR HARD MONEY/PRIVATE LOANS

Globenet Capital Group is a Direct Lender and Broker specializing in Hard/Private Money Loans. Globenet Capital Group helped many individuals with their financing needs. We have many sources of funds and can usually arrange a hard money / private loan very quickly, with terms that are surprisingly attractive. You’ll be pleased with the full personal attention and service you’ll experience with Globenet Capital Group’s Service.

TRY OUR PRACTICAL, COMMON SENSE APPROACH:

  • Immediate response. Same day decision in most cases
  • Our loans focus on your equity, not your credit
  • Hard money/private investors let us be more flexible and creative
  • Flexible terms to fit your own special needs
  • Less paperwork than conventional loans
  • Fast & Easy approval. Fast funding
  • Low Credit Score & Credit Problems OK
  • Cash Out for Any Purpose
  • Equity Loans & Credit Lines
  • Residential, Commercial, Land

Please call us to discuss your situation. We welcome your call. No pressure and NO OBLIGATION.

Flexibility and creativity is something we pride ourselves with! All you have to do is ask! If it makes sense, we will finance it!

Building our company by helping you achieve your dream project!

Our primary goal is building relationships 1 client at a time, we believe in a Win! Win! situation for all!

We get it! And that is why you will get exactly what you want when you want it EVERY time!

Call us today for a hard money/private loan at 877-281-0678!

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