(MENAFN- GetNews) Lendersa, the #1 source of hard money loans in Los Angeles, explains what is a hard money loan, and how does it help investors do better real estate transactions.
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 primary question of what is a hard money loan in Los Angeles , this is what Lendersa has to say… “A hard money loan is a private loan secured by the value of a real estate property. Hard money loans are normally arranged at much higher interest rates than conventional commercial or residential property loans are almost never issued by commercial banks or other deposit institutions but usually by private investors, generally via local area brokers specializing in arranging hard money loans.”
Almost everyone has heard of SoFi for personal loans, people generally go to a site like NerdWallet.com and put in the loan amount they want, answer some soft credit questions, and then they are shown a list of places that will offer them a loan.
Nothing like this exists in the Real Estate sector for Investors seeking to obtain hard money loans in Los Angeles.
Almost ALL real estate investors, whether commercial or residential, go DIRECT to a private money 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 out there who do not have those “constant cashflow” opportunities and they are constantly losing deals, or worse not make any because their only source is big Banks and institutions, and when the bank says“NO” there is not much else one can do, except seek to work with individual private money lenders after first discovering what is a hard money loan in Los Angeles , what would Investors rather do, go to individual Lenders, and have to pre-qualify them 1v1 or be given a list of the top private lenders for hard money loans in Los Angeles, offering the best loan programs that fit the Investor's needs exactly to the deal? Most likely the latter.
Investors will find that it completely changes the way they fund their deals when they only have to use the free mortgage calculator at Lendersa, and put in what they need and want, and then instantly the site's infrastructure and built-in AI, will go to work and return ALL the best matching loan programs that fit the Investor's needs, of what is a hard money loan in Los Angeles, and will allow the Investor to network and meet each lender allowing the Investor to quickly choose a source for its funding.
Finally, there is a way to get hard money loans in Los Angeles, and Investors can simply secure private money for any type of real estate, residential and commercial, and completely avoid banks.
Several sources looked into the process at Lendersa, and it appears to be quite simple to find hundreds of matching loan offers, the Investor would simply tell the AI what kind of a loan they need (no social security is required).
The request works as a filter to locate the most qualified lenders, instantly.
Investors may also select up to 6 lenders to work with, and in seconds receive loan proposals to their dashboard where they can compare offers side by side, talk with the lenders to negotiate, and choose the best options for funding.
Lendersa's network of private lenders, answers the question of what is a hard money loan in Los Angeles by offering initial consults and helping investors determine the best loan program and interest rates for their needs.
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