Are you looking to invest in real estate, but need the help of a reputable lender to help you complete your transaction? If so, MM Lending is the place to turn, as we have helped countless individuals turn their dream real estate investments into reality.
We offer short-term financing solutions for residential real estate investors, and one of our agents can help you get your project to the finish line.
Hard money loans and bridge loans are just two of the many different types of agreements we make with our clients. Let’s take a look at each below:
What Is a Hard Money Lender?
A hard money lender provides clients with a loan based upon the value of the property they are buying, as opposed to more traditional means, such as taking a look at the borrower’s credit score.
Who Benefits from a Hard Money Loan?
Undoubtedly, if you’re in the process of or are interested in flipping houses for profit, a hard money loan could be ideal for you, since this type of loan can cover most, if not all, of the initial cost of your purchase. In addition, if you’re having issues securing a mortgage for a property, then a hard money loan can be a viable alternative that can help provide the funding needed to close on a new investment property.
What is a Bridge Loan?
A bridge loan is available to qualified borrowers who need a short-term loan, and want to borrow against a current property they own. The loan they receive will then be used to buy a new property. As evidenced by its name, a bridge loan is a short-term financing solution, which is ideal for anyone looking to purchase and resell properties quickly.
If you’re looking for hard money lenders and bridge loans in Louisville, KY, then contact the experts at MM Lending today. Give us a call at 502-400-3011 today.