Hard money or bridge loans in Mississippi

Hard money and bridge loans are financing products offered by private lenders to meet your immediate cash needs.

A hard money loans we offer in Mississippi are financed directly by us or in some cases by other private lenders, and are used for commercial real estate transactions most of the time. The money comes as fast as few days but at a higher interest rate because transactions that traditional financial institutions like credit unions or banks will not approve, can get approved for a hard money loans. The interest on the real estate transaction can be more than double the standard interest rate. This is because the hard money lender is taking a higher risk.

Instead of focusing too much on the actual borrowers past credit history or income, we will concentrate on the value of the property in Mississippi when making the loan decision. We will give a cash loan for less than what the property is actually worth. Typically it is 70% loan-to-value. This means that we will finance up to 70% what the actual value of the real estate is.

A hard money loan is an excellent way for income or commercial property acquisition, construction needs, and in many cases even refinancing. Loans could be made on a commercial real estate, vacant land, and many other types of properties.

Another advantage of trying to get a hard money or bridge loans in Mississippi is that the closing process on the loan is a lot faster. Usually the traditional financial institution can take more than a month to close the loan, and if the property your cash needs is available for the right price, and you need the money quick the hard money or bridge loan would be the smart solution.