Raw Land Hard Money Loans
What are Raw Land Hard Money Loans
Raw land hard money loans are a specialized type of financing that we offer to clients who want to purchase undeveloped land. Our hard money loans are structured to help real estate investors and developers purchase raw land with the aim of using it for residential, commercial, or industrial development. We understand that traditional banks and lending institutions may be hesitant to lend for this type of investment, which is why we offer flexible terms and lower requirements for approval. Our hard money loan application process is fast and efficient, allowing our clients to secure funding quickly and act on investment opportunities as they arise. With our expertise and commitment to providing tailored solutions that meet the unique needs of our clients, we are your ideal partner for raw land investments. Contact us today and secure the funding you need for your next land investment project.
At Custom Mortgage, all our raw land hard money loans services are backed by a team of specialists who have years of experience in the hard money property financing industry.
Raw Land Hard Money LoansRaw Land Hard Money loans or Private Capital Land Mortgage is a particular kind of asset-based loan funding with which a customer gets funds secured by the value of a property. With no credit check or income documents required, these loans are very simple and quick to fund. The most common use for these loans are fix and flips and short term financing needs. Private Equity Raw Land Loans are normally provided by small personal investors, hedge funds and other private institutions that are not traditional banks. Most hard money loans are not based on the borrowers credit worthiness but rather on the asset/property. Because of the risk taken by the loan provider, interest rates are usually higher than traditional home loans. Hard money loans have shorter terms and normally are for 6 months to 5 years and are not meant long term financing solution.
Purchasing land enables people to build the home of their dreams, and if you are thinking to buy land, it might be a difficult decision. As land is expensive enough, you’ll might have to look up for a mortgage lender to finance the purchase. But a better option will be to apply for a land loan. For the borrowers, land might seem a safe investment, but for lenders these raw land loans are risky. Due to this reason, the approval for the raw land hard money loans becomes a difficult and cumbersome process that other kind of hard loans.
Custom Mortgage is a professional hard loan providing firm that holds expertise in offering exceptional outputs to global clients. Specialized in the raw land loans, hard loans, and raw land hard money loans, we assist the borrowers to find the right lenders for them and offer them the appropriate financing services. Custom Mortgage even underwrites loans in myriad cases where traditional banks and other lenders refuse to or are unable to approve a loan.