A private loan or hard money loan is a loan that is funded by a private individual or company. At FlexPoint, Inc, we specialize in providing borrowers with immediate funding of equity-based private loans. We have years of experience in providing Private Money loans to individuals who may not qualify for a Conventional Loan.
Advantages of a Private Money Loan
- No prepayment penalties
- No income requirement
- No minimum FICO scores
- Minimal paperwork
- History of bad credit, bankruptcy, foreclosure Ok
- Foreign Nationals Ok
- Fast funding
- Asset-based
- Shorter term loans
Qualification Requirements:
- Market Value
- Borrower Credit
- Borrower Equity
- Additional Collateral available
- Lien Priority