A fix and flip loan is one type of product offered by Murk Investments. With this type of loan, you can get the funds to secure and rehab your property and have it back on the market for sale in as little as a few months. This type of loan is good to be used...
A bridge loan is a type of short term financing, commonly used by borrowers, financed by hard money or private lenders. This type of financing solution that gives borrowers the opportunity to quickly secure their investment, make improvements, renovate, or add value. Once this process is completed, generally under 12 months, the borrower can sell...
Many hard money lenders are private lenders who offer an alternative way to finance for borrowers who are not qualifying through banks and other lenders. Hard money lenders focus mostly on the equity a borrower has in a property as opposed to focusing on the borrower’s financial situation. The hard money lender looks at equity...
When applying for a hard money loan, hard money lenders strongly consider the loan to value (LTV) ratio. The LTV ratio is calculated by dividing the loan amount by the total value of the real estate securing the hard money loan. The LTV ratio is a measurement of risk for the hard money lender to...
Do you currently have a hard money loan? Are you considering extending it? Typically, a hard money loan is a short-term loan, less than 12 months. If you currently have a hard money loan that is maturing and your project is not completed, you may be thinking about extending it. The extension process for a...
It doesn’t have to be difficult to get your hard money loan approved by a hard money lender. In fact, it should be easier than going through a traditional bank. At Murk Investments, we wanted to share with you some things you can do to get your hard money loan approved timely. Hard money lenders...
As we’ve discussed in previous blogs, hard money loans have gotten increasingly popular in recent years. Since hard money loans are often funded by individual investors, they do not necessarily have the same qualifications as a bank entity would. As a borrower, you should read and understand the term sheet before committing to a loan....
If you found an amazing real estate investment opportunity in San Diego, you know there’s no time to waste. Unfortunately, a bank or a traditional lender who you approach for financing will tell you it’s going to take two to three months to close on your loan, which means the deal you want to make...
Murk Investments Corp. Is a hard money lender and we wanted to share with you some basic information of hard money loans. – Hard money loans are often originated by brokers who raise capital from private individuals.– Interest rates on these types of loans are higher than traditional loans, usually starting at 8 percent because...
Many people turn to hard money lenders when conventional lenders are not willing to take on their deal because of the risk. Hard money lenders have more flexibility to take on certain risks, which is good for real estate investors. When investing in real estate, here are the reasons you’d want to use a hard...
