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Articles on
Hard Money Financing






Residential Hard Money Loans Arkansas

Arkansas Residential hard money loans are those offered by private lenders like hedge funds, wealthy private individuals and small community based investment companies. These hard money loans are based on the value of a collateralized asset pledge by the borrower, compared to conventional loans that use borrower credit history, tax returns and income statements as their criteria.

Arkansas Residential hard money loans are usually acquired from acquisitions, refinancing, foreclosures and bankrupt individuals looking to rebuild their credit history. The interest rates on these loans are high, but it is quite cheaper & worthwhile considering the stern terms and regulations, time frames and the closing costs of a conventional loan.

Usually Arkansas hard money lenders offer interest rates 6%-8% higher than conventional bank loans. People come under the impression that these loans are hard to payback however these hard cash loans are beneficial for borrowers who cannot find additional lending for renovations of residential property before selling or putting it up for rent.

Arkansas Hard money lenders consider income producing properties such as apartments, retail properties, industrial, office building, hotel, motels, medical facilities and restaurants. There are though other non-income properties that they consider investing into like land acquisitions, development projects, construction sites, foreclosures and bankrupt properties.

Most private investors look for a safe and guaranteed investment, with an above average return they could get from banks. Arkansas Residential hard money loans are usually secured by 30-50 % equity from the borrower




Advantages of Arkansas Hard Money Loans
Arkansas Residential hard money lenders never consider impractical aspects like credit scores as a factor when assessing borrowers. If hard cash lenders do require a credit report it’s most likely they want confirmation that the borrower is not bankrupt, doesn’t have open judgments against them or in foreclosure. These factors may not even budge the lenders decision o underwrite the loan, but it may force them to raise the interest rate and keep close monitoring.

When buying a property at a discount of availing a short sale, borrowers can finance 100% of the cost using hard money loans. For instance buying a $100,000 property for $50,000, the borrower can procure the entire funding from a Arkansas hard money lender making a loan at a 50% loan-to-value. This is something a conventional lender will never do.

Usually private lenders check the future income generating ability of a property, they are however more concerned about the current value of the property. The value of the property at loan origination is a very important number for the investor since this is the value they will consider for collateral if the loan is not serviced and things go the other way. Private lenders rarely approve vacant properties with no rental income as prospect investments; however these types of properties are favorite targets for private lenders.

The speed at which private hard cash loans are closed is maybe their best advantage. Speed of closing the loan is a huge advantage for many real estate investors, especially those buying properties in auctions, short sales and discounts. When carried out properly a hard cash loan process can be closed in 24 hours, usually it takes between 14 and 30 working days. Even the longest Arkansas hard money lender timelines are less than a basic conventional loan.





Arkansas Hard Money Saves the Day!
The credit crunch was severe and hurt the common man in all aspects. Over the past 3 years we saw lay-offs, corporations downsizing their operations, banks filing bankruptcy and most crucial of all people getting evicted from mortgaged properties. Conventional Arkansas lending institutions like banks, insurance companies and investment houses have if not cut-off reduced their lending activity close to nothing. Even the most qualified and capable investors and developers have been refused any funding.
The collateralized debt market has dried up or simply died, with few investors looking to buy mortgage back security notes. Arkansas Lenders are finding it difficult to fund mortgages that payback, hence no buyers, no sale. Mortgage loans outstanding measure in the range of hundreds of billions with corresponding foreclosures. Borrowers who would have qualified a year or two back are now being actively refused any funding. With banks caught up in the liquidity crunch and still suffering its effects are reluctant to fund even the most qualified borrowers.

Arkansas Hard Money Lending to the Rescue
In the current crises Arkansas private hard money lenders are saving the day. Hard Money Lenders funded by wealthy individuals, hedge funds or investment companies are looking to fund real estate investors and borrowers to improve their personal portfolios. These lenders are those who were either unaffected by the credit crises or ones who earned big before the crises and are looking to invest in lucrative sources now.
Compared to Arkansas conventional loans it’s much easier to close private hard money loans in a matter of days. Since there are no loan committees or complicated analysis and calculations to deal with, these investors are easy to convince and close private loans.

Arkansas Hard Money Lending is equity based, loans requests are not dependant on the credit history of borrowers. It is essential the property has significant equity in it. Most Hard Money Lenders will not fund more than 65% of the property price or in case of refinances the market value of a Arkansas commercial property. Borrowers will require 30-50% or more in cash, since Hard Money Lenders require a higher down payment. Hard cash lenders have less documentation requirements, but borrowers should be prepared to backup any claims with proof. Also hard cash lenders prefer income generating properties.

With financial institutions suffering and bleeding, although they have been handed a meaty bailout from the US Government, private lenders are the saviors of the commercial real estate sector. Arkansas Private lenders are ready to invest in income deriving commercial properties and feasible projects under development. Borrowers should search for these investors since they are the only bailout strategy that they have.

 

Serving:: Arkansas Cities and Counties:
Alexander : Alma : Almyra : Alpena : Altheimer : Altus : Amity : Arkadelphia
Arkansas City : Ash Flat : Ashdown : Atkins : Augusta : Avoca : Bald Knob : Barling
Barton : Batesville : Bauxite : Bearden : Beaver : Bee Branch : Beebe : Bella Vista
Benton : Bentonville : Berryville : Bigelow : Biggers : Bismarck : Blackwell : Bluff City
Blytheville : Boles : Booneville : Boxley : Bradley Branch:Brinkley : Brookland
Bruno : Bryant : Buffalo City : Bull Shoals : Burlington : Cabot : Caddo Gap : Caddo Valley
Caldwell : Calico Rock : Camden : Carlisle : Casscoe : Cave City : Cave Springs : Cedarville
Centerton : Centerville : Charleston : Cherokee Village : Cherry Valley : Chester
Choctaw : Clarendon : Clarkridge : Clarksville : Cleveland : Clinton : Clover Bend : Colt
Columbus : Combs : Compton : Conway : Cord : Corning : Cotter : Crawfordsville : Crocketts Bluff
Crossett : Daisy : Dalton : Danville : Dardanelle : De Queen : Decatur : Deer : Dermott
Des Arc : Desha : DeValls Bluff : DeWitt : Diamond City : Dierks : Doddridge : Dover
Drasco : Dumas : Dyess : Earle : Edgemont : El Dorado : El Paso : Elizabeth : Elkins
Elm Springs : Emerson : England : Ethel : Eudora : Eureka Springs : Evansville : Evening Shade
Everton : Fairfield Bay : Farmington : Fayetteville : Fifty Six : Flippin : Fordyce : Foreman
Forrest City : Fort Smith : Fouke : Franklin : Fulton : Gamaliel : Garfield : Garland : Gassville
Gateway : Gentry : Gilbert : Gillett : Gillham : Glenwood : Gould : Grady : Grannis : Gravelly
Gravette : Green Forest : Greenbrier : Greenwood : Greers Ferry : Griffithville : Gurdon
Hackett : Hamburg : Hampton : Hardy : Harriet : Harrisburg : Harrison : Harvey : Hasty
Hatfield : Havana : Hazen : Heber Springs : Hector : Helena-West : Helena : Henderson
Hensley : Hermitage : Heth : Hickory Ridge : Higden : Hindsville : Holiday Island
Holly Grove : Hope : Horseshoe Bend : Hot Springs : Hot Springs Village : Houston
Hoxie : Hughes : Humphrey : Hunter : Huntington : Huntsville : Imboden : Jacksonville
Jasper : Jerome : Jersey : Jerusalem : Jessieville : Johnson : Jonesboro : Jordan :
Judsonia : Junction City : Keo : Kingston : Kirby : Knobel : Knoxville : Lake Village
Lakeview : Lavaca : Lead Hill : Leola : Lepanto : Leslie : Lewisville : Lexa : Lincoln
Little Rock : Lockesburg : Locust Grove : London : Lonoke : Louann : Lowell : Mabelvale
Madison : Magazine : Magnolia : Malvern : Mammoth Spring : Manila : Marble Falls : Marianna
Marion : Marked Tree : Marshall : Marvell : Maumelle : Mayflower : Maynard : McCrory
McGehee : McNeil : Melbourne : Mena : Midway : Monette : Monticello : Moro : Morrilton
Mount Ida : Mount Judea : Mount Olive : Mount Pleasant : Mount Vernon : Mountain Home
Mountain Pine : Mountain View : Mountainburg : Mulberry : New Blaine : Newhope : Newport
Norfork : Norman : North Little Rock : Oakland : Ozark : Oden : Okolona : Ola : Omaha
Osage : Osceola : Oxford : Ozark : Ozone : Pangburn : Paragould : Paris : Parkdale : Parkin
Paron : Parthenon : Patterson : Pea Ridge : Pearcy : Peel : Pelsor : Pencil Bluff : Perry
Perryville : Piggott : Pindall : Pine Bluff : Pine Ridge : Pleasant Plains : Plumerville
Pocahontas : Ponca : Poplar Grove : Portia : Pottsville : Powhatan : Prairie Grove
Prattsville : Prescott : Prim : Proctor : Quitman : Ratcliff : Ravenden : Rector : Redfield
Reydell : Rison : Rockport : Rogers : Rohwer : Roland : Rose Bud : Rosston : Royal
Russellville : Sage : Salem : Salesville : Scott : Scranton : Searcy : Sheridan : Sherwood
Shirley : Siloam Springs : Sims : Smackover : Snowball : Springdale : Springfield
St. Charles : St. Francis : St. Joe : St. Paul : Stamps : Star City : Story : Stuttgart
Subiaco : Sulphur Springs : Swifton : Sylamore : Taylor : Texarkana : Tichnor : Tontitown
Trumann : Tuckerman : Tumbling Shoals : Turrell : Tyronza : Ulm : Van Buren : Vilonia
Viola : Waldenburg : Waldo : Waldron : Walnut Ridge : Ward : Warren : Washington
Watson : West Fork : West Memphis : West Ridge : Western Grove : Wheatley : White Hall
Wickes : Wiederkehr Village : Wilmot : Wilson : Winslow : Winthrop : Wooster : Wynne
Yellville : Yorktown

Arkansas County : Ashley County : Baxter County : Benton County : Boone County : Bradley County
Calhoun County : Carroll County : Charleston : Chicot County : Clark County : Clay County
Cleburne County : Cleveland County : Columbia County : Conway County : Corning County
Craighead County : Crawford County : Crittenden County : Cross County : Dallas County
Desha County : DeValls Bluff : Drew County : Eureka Springs : Faulkner County : Fort Smith
Franklin County : Fulton County : Garland County : Grant County : Greene County : Hempstead County
Hot Spring County : Howard County : Independence County : Izard County : Jackson County
Jefferson County : Johnson County : Lafayette County : Lake City : Lawrence County
Lee County : Lincoln County : Little River County : Logan County : Lonoke County
Madison County : Marion County : Miller County : Mississippi County : Monroe County
Montgomery County : Nevada County : Newton County : Osceola : Ouachita County : Paris Perry County
Phillips County : Pike County : Poinsett County : Polk County : Pope County : Prairie County
Pulaski County : Randolph County : Saline County : Scott County : Searcy County : Sebastian County
Sevier County : Sharp County : St. Francis County : Stone County : Stuttgart : Union County
Van Buren County : Washington County : White County : Woodruff County : Yell County

 

 

 
 


 

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