Hard Money ?
Hard money loans, also called private money loans, are loans made by private individuals rather than lending institutions like a bank or credit union. Advantages:
Speed and flexibility
. Our loans generally close in less than 2 weeks. Hard money lenders base their credit decisions on the value of the equity in a property rather than the credit history of the borrower.
How AND Where ?
Alcove Investments currently offers multiple private funding options to its clients. We will lend on all types of property: residential, commercial. CALIFORNIA ONLY
Borrowers must have a minimum of 35% equity in the property. we will only lend up to 65% of the conservative value of the property. Also, borrowers must show their ability to repay the loan and must have a viable exit strategy.
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FAQ
| What kind of houses do you buy? | We buy houses in any area, condition or any price range |
| What do you mean by "any condition"? | We will buy your house as-is! You don't need to do any more repairs! |
| Do you deal in higher priced properties? | Yes, we can work with any seller who needs to move a property quickly for any reason and in any price range |
What if I am behind on my payments or in foreclosure? |
Yes, if you call or contact us now, we may be able to help catch up your back payments and stop the foreclosure process |
What do you charge for your services? |
Unlike Realtors®, there is never a charge or commission when we buy your home! |
| Health Department violations or is condemned? | No problem! We can still buy your house as is, even if it has demolition orders scheduled |