All Discussions Tagged 'offers' - Real Estate Finance2024-03-29T14:59:34Zhttps://realestatefinance.ning.com/forum/topic/listForTag?tag=offers&feed=yes&xn_auth=noIs A Private Money Loan Considered Cash?tag:realestatefinance.ning.com,2016-11-15:6517464:Topic:2867982016-11-15T22:49:09.783ZKen and Ari Walkerhttps://realestatefinance.ning.com/profile/ForestTardibuono
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<p>A private money loan is basically considered a cash sale by the Seller, making the possibilities of closing the deal more certain. The offer is still considered a loan, but it comes with several benefits that both parties will appreciate:</p>
<p>1. No loan contingencies, since the borrower and property have been fully vetted before you write the…</p>
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<p>A private money loan is basically considered a cash sale by the Seller, making the possibilities of closing the deal more certain. The offer is still considered a loan, but it comes with several benefits that both parties will appreciate:</p>
<p>1. No loan contingencies, since the borrower and property have been fully vetted before you write the offer.</p>
<p>2. No appraisal contingencies. Although the borrower can order one, the offer is not dependent on the outcome, since most private money loans require a sizable down payment.</p>
<p>3. Quick closing. Private money loans have been known to close in a much shorter period of time than traditional lenders and banks. It is reasonable to close in 10-15 days as opposed to a month or longer.</p>
<p>4. Property condition is not as great a concern. Less than pristine properties are easier to purchase with private money since this type of loan is considered "all cash" and is based on equity or loan to value.</p>
<p>Private money, also known as hard money loans, can be a viable option in the real estate financial world making them of considerable interest to Borrowers,Sellers and Investors today.</p>
<p>If you or someone you know is interested in getting such a loan or have further questions, call me at 707-523-2099 and I’d be happy to help! </p>
<p>Best, Ken – Another Guy in the White Hat</p>
<p>Lead Hard Money Loan Originator at family owned and operated Sun Pacific Mortgage & Real Estate. Serving all of California since 1988!. <a href="http://www.sunpacificmortgage.com/">www.Sunpacificmortgage.com</a> 707-523-2099.</p>
<p>See full article link here: <a href="http://http://www.sunpacificmortgage.com/private-money-loan-considered-cash/" target="_blank">http://www.sunpacificmortgage.com/private-money-loan-considered-cash/</a><a href="http://storage.ning.com/topology/rest/1.0/file/get/124839027?profile=original" target="_self"><br/></a></p>