How Innovative Capital Can Help You Secure a Hard Money Loan When it comes to securing financing for your business or commercial real estate investments, hard money loans can offer an advantageous alternative to traditional bank loans.
Also known as bridge loans, private capital loans, or quick funding loans, hard money loans come with several distinct advantages. In this post, we’ll answer the top questions we receive about hard money loans from our clients and how they can benefit business owners and commercial real estate investors. Plus, discover how Innovative Capital can be your trusted partner in accessing these financing options.
1. What Makes Hard Money Loans Different from Traditional Bank Loans?
Hard money loans provide a more flexible financing solution compared to traditional bank loans.
While traditional loans often come with rigid terms and lengthy approval processes, hard money loans offer customizable loan agreements tailored to your specific needs. Additionally, if you were turned down for traditional financing for whatever reason, hard money might be a solution for your specific business needs.
2. How Quickly Can I Get Approved and Funded with a Hard Money Loan?
One of the key advantages of hard money loans is their streamlined approval process. Private lenders can make quick decisions, enabling borrowers to access funds within days or weeks, rather than months associated with traditional loans.
At Innovative Capital, we offer a variety of both traditional and alternative financing solutions to our clients through our vast nationwide network and expertise in the industry.
As a direct lender, leveraging our Innovative Capital Income Fund, we can quickly fund (7-10 days) business owners and real estate investors seeking fast financing or alternative financing when traditional bank loans do not offer the best solution. Innovative Captial starts by reviewing each financing scenario and works to advise our clients on their options.
3. Do Hard Money Lenders Have Less Stringent Credit Requirements?
Yes, hard money lenders consider factors beyond credit scores, such as your income, assets, and the value of collateral. This makes hard money loans more accessible for individuals or businesses with lower credit scores or previous bank loan rejections.
4. Is There More Flexibility in the Collateral Accepted for Hard Money Loans?
Hard money lenders prefer to use Real Estate as collateral as it’s easy to value. Innovative Capital leverages a wide variety of lending sources that have appetites for different types of collateral. For example, collateral in the form of equipment as opposed to real estate.
5. Are Hard Money Lenders Open to Funding Non-Traditional Ventures?
Access to a wide variety of lenders and capital sources helps provide financing solutions for the unique needs of each client. When you work with our team, you gain a strategic advantage in finding alternative lending options. Some lenders are more willing to fund unconventional projects, startups, or ventures that traditional banks might deem too risky. We assess the business potential and the borrower’s expertise beyond traditional financial metrics.
6. What Can I Expect in Terms of Personalized Service from Hard Money Lenders?
Hard money lenders tend to offer a more personalized and hands-on approach. Borrowers have direct access to decision-makers, fostering better communication, flexibility during repayment, and potential future collaborations.
Better yet, when you choose to work with Innovative Capital, we do the heavy lifting for you – we find the perfect solutions for your financing needs, present you with options, and can fund quickly through our ICIF (Innovative Capital Income Fund).
How Innovative Capital Can Help You Secure a Hard Money Loan
Innovative Capital is your trusted partner in securing hard money loans for your business or commercial real estate investments. Here’s how we can assist:
- Customized Solutions: We offer tailored hard money loan solutions that align with your unique financing requirements.
- Efficiency: Our streamlined process ensures that you receive funds quickly, enabling you to seize opportunities promptly.
- Expertise: With years of experience in the industry, our team understands your needs and can provide financial solutions that empower your business or investments.
- Collaboration: We work closely with you to develop a hard money loan strategy that aligns with your objectives.
- Proven Success: Our track record speaks volumes. We’ve helped numerous business owners and investors achieve their financing goals through hard money loans.
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