Clear Mortgage of Tempe, Arizona is your trusted source for hard money loans in Arizona. The experts at Clear Mortgage make the process of getting financing fast and convenient. Whether you are fixing and flipping or want to refinance the terms of an existing loan, we will help you find the right loan with the lowest rate. Give us a call to see how we can help you with your financing needs.
What is a Hard Money or Private Equity Loan?
A Hard Money Loan, also known as Private Equity Financing, can be used for any number of financing needs. These types of loans are typically financed with money provided by private investors versus traditional bank financing. These loans are usually secured with assets by the borrower and do not require the same level of credit validation or down payment as traditional bank provided financing. Because of this, the interest rates of hard money will generally be higher than conventional loans. This is due to the increased risk of the loan. However, these types of loans are ideal for borrowers who need financing for a project that cannot be financed by a bank. Let one of our lending experts help you decide if a hard money loan is the right choice for you.
