Hard Money Rehab
Loans
Hard money is generally funded by individuals, small groups
and small companies. There are a few larger companies who
provide funding through a network of other brokers and lenders
like Novation. Every deal is assessed individually and costs and
rates vary greatly. The most important question every lender
will have is, "how can we be assured we will get our money
back?" After all the lender does not want the property - if they
did they would just buy it. They want their payments and their
money back.
Call
KEN COOK at 678-946-0101 for a quick interview
about your particular deal.
Want to be a hard money lender?
Hard money has changed very drastically over the last
several months. Even major hard money players have pulled out of
the business. This has created a great need for private lenders
perhaps just like yourself. If you have an IRA or other
self-directed retirement account or liquid funds available for
real estate investment grade risk it may be possible for you to
earn between 12% and 18% return on your funds.
There are dozens of "seminars" and "workshops" designed to
charge you between $500 and $3000 to learn how to do what we are
happy to show you how to do in exchange for providing your
underwriting and risk assessment services.Novation Mortgage
is a licensed Georgia lender with heavy experience in real
estate investment loan evaluation. We are not an investment
adviser or services company. We do not directly accept
investment funds. Our position is to provide underwriting
services based on your requirements and to recommend a risk
level to you. We will help you set interest rates and
origination fees and provide clients to you who are looking to
refinance. We will table fund in our name and immediately
transfer the loan to you. What we can do is help you understand
the process of setting up your self-directed IRA and how simple
that part of the transaction truly can be. Then we will give you
a list of custodians, along with our highest ranked company, and
help you get started. All we ask in return is that we be your
underwriter and risk assessment source.
Contact
one of our seasoned
professionals for more information.
* Although we provide tools for your information on this
website you can never accurately plan your transaction without the
assistance of a seasoned Loan Professional. Also, just because
there is "a" payment listed it does not necessarily mean that it
is "your" payment. Yours may be higher or yours may be lower. Do
not assume that, even though the information in these tools is
mathematically accurate that they are accurate to your specific
scenario.
CAUTION: Although the
math here is accurate it is vital that you speak with a
funding specialist who understands all of the nuances and
options relative to specific deals. It may be possible that
there is another solution more suited to your specific needs
and the transaction you are researching.
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