How Private Money Loans Can Solve Real Problems
A private money loan is simply a short-term loan secured by real property and funded by a private investor or investors that allows the borrower free use of the cash proceeds to solve their real-world problems.
Why Do Borrowers Opt For A Private Money Loan?
Generally, borrowers utilize these loans for one of two reasons. Either they don’t have the time required for a conventional mortgage (usually weeks or months) or the borrower and/or the property doesn’t qualify for traditional financing. Often the flexibility of interest only payments also allows borrowers to utilize the cash to start or finish a project that nets them huge profit margins and the expense of the private money loan is peanuts compared to their projects returns.
What Problems Can A Private Money Loan Solve?
There are no restrictions on how the funds can be used from a Private Money Loan so in turn there is no limit to the problems they can solve! We have compiled a list of the most common problems and solutions our clients have told us over the past two decades:
Here at Coastal Capital, we help borrowers throughout California with private money loans. Since 2007 we have assisted countless borrowers with honest, fast financing to help them solve their problems. There’s a reason why Mortgage Brokers consider Coastal Capital their go to when a conventional mortgage doesn’t meet their clients’ needs.