Philadelphia's Best Brokerage Firm
For over a decade, GenWealth Capital Commercial has been developing convenient and efficient ways to secure financing resources for real estate developers and investors. We’re here to help you in fulfilling your investment goals every step of the way, whether you’re seeking financing or hard money loans in Philadelphia.
A Brief Explanation of Hard Money Loans
The bulk of hard money loans and lending in Philadelphia are secured by the value of a property. In most situations, you may be able to borrow up to 80% of the value. The most popular source of these loans is hard money lenders. Even if you have a strong credit score and sufficient funds, receiving a loan from a traditional lender may take longer than you anticipate.
How to Go About Getting a Hard Money Loan
Hard money loans are a smart, advantageous choice if you need a fast loan with minimal paperwork. Depending on the type of file and its unique nuances, they can close swiftly, in anywhere from 15 to 45 days. A private investor or corporation is usually the source of these Philadelphia hard money loans. The interest rate on a hard money loan is frequently higher than that of a traditional commercial or residential property loan. We’re certain that we’ll be able to provide you with a program that meets your needs.
GenWealth Can Help You Excel
At GenWealth CapCo, we are confident that we have all of the tools that you need to succeed in your financial endeavors. Our team completes regular credit training and has a strong, impressive history in commercial lending.
If you have any questions regarding lending and hard money loans in Philadelphia, please fill out our contact form with your name, email, and a brief message, or simply give us a call today.