(MENAFN- GetNews) Lendersa, the # 1 source for hard money loans in Los Angeles, explains what a hard money loan is and how it helps investors make better real estate deals.
Lendersa, is the # 1 choice for hard money loans in Los Angeles and is the West Coast’s leading hard money lender serving California up and down the state.
To answer the main question of what a hard money loan is in Los Angeles, here is what Lendersa has to sayâ¦ âA hard money loan is a private loan secured by the value of real estate. Hard money loans are normally given at much higher interest rates than conventional commercial or residential real estate loans are almost never issued by commercial banks or other depository institutions, but usually by private investors, usually through local brokers who specialize in arranging hard money loans.
Almost everyone has heard of SoFi for personal loans, people usually go to a site like NerdWallet.com and put in the loan amount they want, answer a few questions about flexible credit, then are shown a list of places that will offer them a loan.
Nothing like this exists in the real estate industry for investors seeking hard money loans in Los Angeles.
Almost ALL real estate investors, whether commercial or residential, go DIRECTLY to a private lender and in most cases they have established relationships and can get the money they need fast.
However, what about all the real estate investors who don’t have these “constant cash flow” opportunities and are constantly losing deals, or worse not getting any because their only source is the big banks? and institutions, and when the bank says “NO” there isn’t much else to do other than look to work with private lenders after finding out what a hard money loan is in Los Angeles. Angeles what investors would rather do, go to individual lenders and prequalify them 1v1 or receive a list of the best private lenders for hard money loans in Los Angeles, offering the best loan programs that match exactly to the needs of the investor? Most likely the latter.
Investors will find that this completely changes the way they finance their transactions when they just have to use Lendersa’s free mortgage calculator, and put in what they need and what they want, then instantly. site infrastructure and integrated AI, will go to work and return ALL the best loan programs matching the needs of the investor, from what is a hard money loan in Los Angeles, and allow the investor to network and meet each lender allowing the investor to quickly choose a source for his financing.
Finally, there is a way to get hard money loans in Los Angeles, and investors can just get private money for all types of real estate, residential and commercial, and avoid the banks altogether.
Several sources have looked at the process at Lendersa, and it seems pretty straightforward to find hundreds of matching loan offers, the investor would just tell the AI ââwhat kind of loan they need (no social security required ).
Demand works like a filter to instantly locate the most qualified lenders.
Investors can also select up to 6 lenders to work with and receive loan proposals within seconds on their dashboard where they can compare offers side by side, chat with lenders to negotiate and choose the best financing options. .
Lendersa’s network of private lenders answers the question of what a hard money loan in Los Angeles is by offering initial consultations and helping investors determine the best loan program and interest rates. for their needs.
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