Are you looking for hard money loans in Broward County, FL? Look no further than Titan Funding. We specialize in providing fast and flexible financing solutions for real estate investors in Broward County. Broward County, located in the southeastern part of Florida, offers a vibrant real estate market with ample opportunities for investors. Whether you’re interested in fix-and-flip properties, rental investments, or commercial real estate ventures, Titan Funding can help you secure the financing you need to achieve your goals. Our hard money loans in Broward County are designed to be quick and hassle-free, allowing you to capitalize on investment opportunities without the delays often associated with traditional financing. We understand that timing is crucial in the competitive Broward County market, which is why we offer fast approval and funding processes. With Titan Funding, you can expect: Whether you’re a seasoned real estate investor or just getting started, Titan Funding is here to help you achieve your investment goals in Broward County, FL. Contact us today to learn more about our hard money loan options and get started on your next investment project. Contact Us for More Hard Money Unlike traditional loans, hard money loans are asset-based, primarily backed by real estate. They are issued by private lenders instead of banks and offer a consistent, often fixed, interest rate. This means the borrower’s credit score isn’t the primary consideration, but the value of the underlying asset is. Hard money loans are known for their quick approval and disbursement process. They are ideal for those who need swift financing, such as house-flippers or those looking to renovate properties. Additionally, they cater to individuals who might have difficulty proving income or have a lower credit score, as the loan is secured against a tangible asset. Titan Funding primarily looks at the equity of the borrower, ensuring it stays under their 60% loan-to-value ratio. This ratio is calculated by dividing the loan amount by the current appraised value of the property used to secure the loan. The entire loan processing and underwriting process is swift, often completed within 48 hours. Yes, the primary challenge with hard money loans is their higher interest rates, which can range between 10% to 15%. This is due to the short term of the loan. Additionally, there might be points ranging from 2% to 5% of the loan amount. It’s essential to evaluate the project’s potential return on investment against these costs.
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How do hard money loans differ from traditional loans?
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