Titan Funding offers the outstanding service, knowledge and expertise required to quickly and efficiently obtain non-traditional residential and commercial mortgages.

When it comes to investing in the world of finance, it’s easy to get caught up in a bad deal if you don’t know where to invest your money or place your trust. Hard money brokers can alleviate some of your worries and protect your decision-making by ensuring your hard money loan broker is trustworthy and reputable. Titan Funding can make the entire hard money lending process easy for you to understand. Arm yourself with this knowledge before using our hard money brokers for your next project.

What Is a Hard Money Loan?

Simply put, hard money refers to a certain type of short-term loan that is secured by real property. The property can be all types, including a single-family residence, multifamily home, commercial property, or even a piece of land. Unlike other loans that come from commercial banks, mortgage companies, credit unions, or other traditional lenders, private investors authorize hard money loans. You might seek out a hard money loan when you need financing but it’s not yet available.

What Does a Hard Money Broker Do?

Hard money brokers at Titan Funding protect and ensure that your hard money comes from a reputable company or companies. Since hard money loans are usually sought out for making real estate investments or flipping houses, it’s vital to avoid bad loans as the profit margins are already small in these fields.

Our banking professionals consist of CEOs, entrepreneurs, and investment professionals to help you meet your capital needs. Because of our many years of working in the business, we have fostered strong relationships with various funding sources. That way, we can solve complex capital requests by using both internal and third-party resources. Also, we can internally underwrite and evaluate most hard money loan requests.

Types of Private Lending Products Available

At Titan Funding, we offer a short-term bridge loan. Once you purchase residential property, you may need time to improve the residence, place tenants in it, or sell the property. A bridge loan, also known as a hard money loan, can give you the funds you need to hire a real estate professional, investor, or contractor to purchase, build, fix, or flip property.

For instance, you might need a bridge loan to purchase another property if your primary residence is on the market to be sold. This short-term loan is typically used to finance the acquisition of a property until you can secure more permanent financing. If you own a piece of property free and clear or have substantial equity in the residence, you can use this as your collateral for the loan.

Advantages of Using a Titan Funding Private Loan

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When you use Titan Funding to secure a hard money loan, you can rest assured that we will keep you informed every step of the way. We work directly with you to secure the loan for your Florida location, although we do authorize loans in other states on a case-by-case basis.

Other benefits to using us as your reputable hard money broker include the following:

  • You get a loan decision within 48 hours.
  • You receive funds quickly in as few as four days.
  • You can qualify for loan amounts ranging from $100,000 to $5 million.
  • You can repay a fixed amount each month instead of variable amounts so that you can budget accordingly.
  • You make interest-only payments.

Both corporations and individuals can take advantage of hard money loans through Titan Funding. One of the more popular reasons for going with this type of loan is the speed at which you can acquire the funds. Other types of financing may take weeks to be approved and then it takes some time for processing. With us, you can expect a decision within 48 hours and obtain your loan in as fast as four days.

The amount of money you can secure through Titan Funding ranges from $100,000 to $5 million, and it all depends upon how much of your property you want to back up your loan as well as how much money you want to finance. When you’re attempting to increase your portfolio, this increase in liquid funding can boost your numbers.

Hard money loans usually only last 12 months, although you can have them last as long as three years. You also receive a constant interest rate on your loan rather than a variable one found with an institutional loan, so you know exactly how much you owe and how much each month’s payment is. When you start paying off your loan, you make interest-only payments for the short-loan lifespan.

Our underwriting standards are based almost solely on the overall value of the real estate. The loan decision is less about credit scores and more on the property value. We do this because we know the real estate acquisition is a bigger deal than the credit scores and can back up your loan with a physical asset. We also know that if we offer you outstanding service, you will pass that along to your clients.

By using the loan-to-value (LTV) ratio, we assess the risk of a potential loan. To determine the LTV, take the desired loan value and divide it by the current appraised value of the property. Loans must have an LTV ratio of no more than 60% for you to qualify for one of our private loans. You can discuss your LTV with one of the professionals that make up our stellar team to make sure a hard money loan is a solid choice in your situation.

The Bottom Line

Both borrowers and investors can take advantage of the knowledgeable private money brokers at Titan Funding. As a private money lender in South Florida, we provide outstanding service, expertise, and knowledge needed to quickly and efficiently secure nontraditional residential and commercial mortgages. Our team of passionate banking professionals has decades of experience and strives to help both businesses and individuals with nearly every type of commercial and residential loan.

Contact us today for more information about how our hard money brokers can help you attain your financial goals and take that next step in your financial plan.

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