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William Rivas - Hard Money Loans We loan money for properties whose sole purpose will be “flipping”. It doesn’t matter whether or not the house is currently occupied. A hard money loan is a type of loan that is issued to investors based on the “hard asset” or the property itself. While hard money lenders do take into consideration additional factors like the individual borrower’s credit, experience, and income, these are not as high a priority when determining the borrower’s eligibility and loan amount. Hard money loans typically come with higher interest rates, sometimes anywhere between 8% and 15% and have shorter terms of around 12 months. This is a much quicker form of funding, with loans capable of being issued within days to weeks instead of months.
Sunnyside Title has assembled an experienced team of examiners, escrow officers, and one attorney with over 30 years experience to help the real estate attorney and paralegal resolve title related problems efficiently and professionally.
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