Bad Credit? No Credit? Has the bank turned you down?
Not to worry, there are alternatives to traditional funding if you know where to look. You might want to consider a private money loan, and Equity Wave Lending, Inc. can help! For those of you who are self-employed, have a few credit dings, or other issues that prevent you from obtaining a conventional loan, we offer fast easy financing! Give us a call at 1-800-897-3863 today to find out more!
What is a private money loan?
A private money loan (also known as hard money, rehab or bridge loan) is financing from a private individual or group that is based on the current equity in the home. This money can be used for the purchase of real estate by investors.
Who needs private money?
Private money loans are generally sought after by people having trouble obtaining loans from conventional sources. Business owners who need capital to expand, purchase equipment or other business needs, can seek out a private money loan. Or an investor can use these funds to buy property in order to fix them up and sell them at a profit quickly. The funds are meant to be used within a short period of time. If you are a business owner, developer, investor or house flipper, a private money loan can be a great tool for you!