Real estate

Private Money Lending for Real Estate Investment

In today’s market, the opportunities for real estate investors are plentiful. With this in mind, you may be interested in investing in real estate with private money lenders.

If you’re looking for a Hard Money Lender,

Bridgewell Capital can help. They have access to a network of private investors who are interested in lending out their money for projects like yours.

Private money lenders are individuals or companies that provide financing for real estate deals. They make these loans based on the value of the property, not on an individual’s creditworthiness. This means that anyone can qualify for a private money loan, regardless of their financial situation or credit score.

What Is Private Money Lending?

Private money lending is a type of loan that is not backed by the government. Instead, it’s backed by an individual who wants to earn interest on their money. The private lender makes the riskier investment to earn more interest than they would get in a bank account or CD. In exchange for taking on that risk, they charge a higher interest rate than they would receive in a bank or credit union.

This is a popular way to get funding for real estate investments. It involves a private investor or lender providing funds to an individual or business. The lender makes a loan and charges interest on it, just like a bank would do.

How Does It Work?

A borrower goes through a lender to obtain private money from an investor or group of investors. This can be done through a broker or directly with the investor(s). The borrower then uses this money for whatever purpose he/she chooses (usually real estate). The borrower repays the loan over time, either through monthly payments or upon the sale of the property.

The borrower (the person who receives the loan) signs an agreement with the lender (the person who provides the loan). This agreement states:

  • How much money will be borrowed?
  • What interest rate will be charged?
  • When will payments be made?
  • What happens if there are any defaults on the loan?

Advantages of Private Money Lending

Private money lending for real estate investment is a financing option that many investors have used to fund their real estate transactions. With this type of loan, you can use your own money as collateral for the loan.

Here are some advantages of using private money lending:

  • You’ll get a lower interest rate than with a traditional bank.
  • You’ll have more flexibility with repayment options than with your bank.
  • You can keep your credit score intact because no personal information will be involved in the transaction.

Things to Consider Investing in Real Estate

In private money lending, it’s not hard to understand why: the money is quick and easy to get, the interest rate is usually high, and it’s easy to close.

Private money lenders are more common than ever before because of the banking crisis of 2007-2008. When banks stopped lending money, many investors turned to private lenders to fund their deals. Because of this, there are now dozens of companies that specialize in private lending. These companies typically charge higher interest rates than banks do — typically between 10% and 20%. But they don’t require credit reports or long application processes like banks do. If you’ve got collateral — such as a house or commercial building — they’ll take it and give it back once the loan is paid off (or partially paid off).

The best part? You don’t even have to be a homeowner! If you’re considering investing in real estate with private money lenders, here are some things to consider:

1) How much do you want to borrow?

2) What kind of property do you want?

3) Do you qualify for a loan?

Bridgewell Capital: the Hard Money Lender

Bridgewell Capital is a Hard Money Lender that provides financing for residential, commercial, and industrial properties.

Their loans are secured by real estate assets and all funds are used for improvements or repairs on your property, with no personal guarantees required. They offer fast approvals and funding times are typically less than 30 days.

Why Bridgewell Capital?

Bridgewell Capital provides funding for real estate investors who are looking to purchase residential and commercial properties. They have been in the business of lending money for over 15 years and have helped many borrowers fund their deals.

Their team of experienced professionals will work with you to determine the best solution for your specific needs. Whether you are looking for short-term bridge financing or long-term capital, they can help you find the right solution at the best possible rate.

 

James Vines

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