You’ve done everything right: you’ve found the perfect hotel to fix up and sell, gotten a hard money loan, and are almost done. Then, unplanned delays occur, possibly due to a problem with the supply chain or a provider issue, and the 6-month deadline extends to 9 months. With its high interest rate of 10-15% […]
What is Hard Money Refinance and How Does It Work? Read More »
Are you a hospitality real estate investor who needs quick cash for a new deal, to fix up an old property, or to pay off debt? What if you could get the wealth in your investment property without having to go through the long and challenging process of working with a bank? When you work
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You’re considering purchasing a hotel as an investment. You have a well-thought-out strategy, but securing cash appears unlikely. On the one hand, traditional banks are cumbersome and rule-bound, with a closing time that can take 30 to 50 days. What is the fastest way to get the money you need? As an alternative, hard money
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Traditional lenders make it hard for real estate owners to get loans because they have strict credit requirements, take a long time to approve loans, and don’t like to fund unusual projects. A new poll found that regular banks have turned down more than 60% of investors for loans because of their credit score or
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To figure out how to pay for business real estate can feel like a high-stakes game. When it comes to securing funding for a new hotel, the rules become even more stringent. Many developers struggle to secure “new construction hotel loans” due to the rapidly changing economy and lenders’ close monitoring of interest rates. New
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You own a business and need flexible loans that can be adjusted to fit your needs. With a traditional mortgage, making quick investment choices can be challenging due to the strict requirements and lengthy approval processes. “Hard money lenders for real estate” are now a better option. Their interest rates are usually between 9.25% and
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Over 40% of competitive business real estate deals require quick financing, indicating a significant problem: conventional funding that takes too long to obtain may lose its appeal. The real estate market moves quickly, so individuals need to make informed financial decisions promptly. Not long ago, 72% of real estate owners reported that being on time
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Traditional banks may not be able to offer the hotel business the flexible loan options it needs. As an alternative, investors who are “private money lenders for real estate” are becoming more and more common. They help people make informed decisions and secure the best real estate loans for all their rental property needs. This
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Securing funds in the hotel business can be challenging, particularly for individuals seeking to invest in real estate. This can be especially challenging for individuals seeking “hard money lenders for beginners.” You can choose from several quick buy options and different types of real estate deals. They can also give you cash right away if
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Boutique hotels and resorts are part of the hospitality real estate business, which often needs unique ways to get money, like “hard money loans interest rates.” These loans, with rates typically ranging from 9.25% to 11.25%, are crucial for real estate owners who require short-term financing, as they are quick, flexible, and secured by assets.
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