Private Money Loan Funding in Kansas City, MO and Johnson County, KS
Fund Your Next Investment with Private Money Lending
We all need money for the things we want. However, traditional lending institutions like banks and credit unions can often require a sterling credit score and strict repayment plans at high interest to even make you an offer for a loan. At Crossroads Investment Lending in Kansas City, Missouri and Johnson County, Kansas, we offer premier alternative financing solutions for rehab loans to match your needs and lifestyle. Our company will match our resources to your investment and financial goals to give you the capital you need, from hard money and bridge loans to transactional and fix and flip funding. We invite you to contact us to schedule your initial consultation and let us show you a class of lending power that can serve you for life.
What is Private Money Lending?
Even with an excellent credit score and ample cash flow, approval for traditional real estate rehabilitation loans is painfully slow. If you have negative items in your credit score, the process is even slower. You could be denied your loan altogether. Private money lending makes that process much faster and easier with a more direct approach to loans. Lending is based on the collateral securing the loan – property, vehicles, stock options, etc. – and less on the ability to repay. Private moneylenders make their money back by repossessing and selling the collateral, should a borrower default on the loan.
Why Use Private Money Lending?
Even with the risk of repossession, borrowers often opt for private money lending for the various benefits it offers. Private money lending generally has shorter-term loans from one to five years. Private hard money loans are also more expedient, as the lender doesn’t have to spend as much time examining all the aspects of the loan, verifying your income, and reviewing your bank statements. There is no standard underwriting process with private money loans, so there is increased flexibility in the loan terms as well. Finally, borrowers turn to private money lending for predictable returns. Private lending can be profitable and secure because the collateral value cannot be higher than the loan amount. Contact Crossroads Investment Lending today to learn more and schedule your consultation.
A full range of Private Money Loan Options
No matter what type of private lending options you need for your next fix, flip, or real estate rehab, Crossroads Investment Lending can fully finance you fast. We have years of experience in the industry and have made the right connections to serve our clients best. In a few easy steps, you can qualify for the loan you want and select from a full range of private money lending options, including:
Hard Money Loans
Hard money loans are secured using the actual physical property as collateral. Primarily used in real estate transactions, hard money loans derive almost exclusively from individuals or companies and not from recognized financial institutions. They are an excellent way to raise money fast but come at a higher cost and lower Loan to Value (LTV) ratio.
Bridge loans are short-term cash loans, which allow individuals or companies to meet their immediate financial obligations until they secure permanent financing. Often set at shorter timeframes (one year) and higher interest rates, bridge loans are also often backed by some form of collateral, such as property or commercial inventory.
New Construction Loans
Private new construction loans offer financial resources for the acquisition of new construction of real estate development projects. Used primarily as a short-term loan for investment properties, new construction loans provide unique flexibility and capital to cover construction and closing costs that could almost never originate from a traditional bank.
Transactional funding is a short-term, hard money loan that allows investors or borrowers to purchase real estate using none of their own money. Private hard money lenders provide 100% of the capital, and the borrower must show that there is another buyer in place to close within a short timeframe. Loan periods for this type of private lending range from 24 hours to five days.
Fix & Flip Funding
Fix & flip loans are hard money that is used to renovate real estate properties for a profit. With this financing, the investor can purchase a property, ideally at a discounted price, then fix it up to meet conventional lending standards or sell it for more.
Hard Money Refinance Loans
Hard money refinance loans, also called cash-out refinance loans, are utilized by real estate investors who want to take equity from an existing investment property to reinvest it elsewhere. These funds can be liquidated within days, and the cash can be used for various purposes.
Contact Crossroads Investment Lending for Your Private Money Needs
When traditional banks and credit institutions cannot provide you with the funding for your next project, don’t despair. Our experts here at Crossroads Investment Lending will work with you to provide the private capital you need for your next endeavor and ensure an easy experience from start to finish. Contact us today to schedule your consultation.
Why Choose Us?
- Family Owned & Operated
- Local Fix & Flip Finance Experience
- All Credit Scores Considered
- Close in 7-10 Business Days
- Short Term Loan for Investment Projects