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Best Fix and Flip Loans | Hard Money Loan Requirements | Pinetree Financial Group

We, Pinetree Financial lenders provide fix and flip loans for investment using the hard money. For more information, book your appointment for a consultation on (303) 331-0133. Visit website https://pinetreefinancialpartners.com/

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Best Fix and Flip Loans | Hard Money Loan Requirements | Pinetree Financial Group

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  1. How to Fund a Fix and Flip Project Using Hard Money Loans - Pinetree Financial Group A hard money loan is not standard financing from a typical lender. The loan repayment time period is quick-typically about 12 to 18 months. The goal is to rehabilitate the property rapidly and to bring it back into the market and make a profit. The method of accepting a hard-money loan is normally often simpler and faster than a traditional loan. Pre-approval for current or potential real estate investments is required. It's easy to secure pre-approval for a hard money loan quickly with no fee. You can directly close and secure a property in as little as seven days. You can work with Pinetree Financial Group for the best fix and flip loans in Denver.

  2. Below is a list of the typical hard money loan requirements: Location: The approval of the loan may depend on the particular location, particularly if working with a local lender. Pre-qualification paperwork: Paperwork only requires your credit score, experience and current real estate potential, and other basic financial records like tax returns and bank statements. Experience in fix and flip projects: First-time borrowers may find their interest rates a little higher than seasoned investors. This is because they have shown the ability to repair and flip properties on a timeline, which means less risk to the lender. The differing rates may be more considerable with local, private lenders.

  3. Type of property: Properties usually eligible for hard money loans are retail, multi-family, residential units, commercial, land, and industrial. Note that multi-family residential units can often be referred to as 5+ units (large complexes) which are classified as commercial loans.

  4. How to Repay Your Hard Money Loan: Monthly payments are interest-only or interest with a principal amount. The property's condition will dictate the form of repayment. If you are looking to get started or you believe you have the ideal flip opportunity, compare rates among lenders and meet them. Pre-approval and rate quotations are fast with no cost to you. It's in your best interest to make sure you get the best profit in your fix-and-flip home timeline. Pinetree Financial Real Estate Investment Group will set you up for success with your fix and flip project in Denver. If you would like to get started with a fix and flip loan, visit our website or call us.

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