Winnetka Hard Money Loans

LBC Capital is pleased to announce that it is now offering hard money loans in Winnetka. Hard money loans are an alternative to traditional bank financing and can be used for a variety of purposes, including fix-and-flip projects, new construction, and more. If you’re looking for a hard money lender in Winnetka, LBC Capital can help. We offer competitive rates and terms, and our team of experienced loan officers will work with you to get the financing you need for your next project. For more information about our hard money loans in Winnetka, call us today at (855) 858-0853

Getting A Hard Money Loan In Winnetka

A hard money loan is a short-term, high-interest loan that is typically used for real estate investment purposes. Hard money loans are usually provided by private investors or companies, and they are often more expensive than traditional bank loans.

Hard money loans are typically used when traditional financing is not an option, such as when a property is in need of significant repairs or is being purchased in an auction.

If you're considering a hard money loan, be sure to do your research and compare different lenders before choosing one. LBC Capital offers competitive rates and terms on our hard money loans, and we're committed to helping our clients succeed.

What Are The Benefits of Hard Money Loan?

A hard money loan is a type of short-term loan that is typically used for real estate investment purposes. Hard money loans are usually provided by private lenders, and they are usually secured by the property that is being purchased.

Some of the benefits of a hard money loan include:

• Hard money loans can be approved quickly, which can be helpful when you need to close on a property quickly.
• Hard money loans can be used for a variety of purposes, including purchasing an investment property, making repairs or renovations to an existing property, or even refinancing an existing loan.
• Hard money loans are often easier to qualify for than traditional bank loans, even if you have less-than-perfect credit.

Requirements

To qualify for a hard money loan from LBC Capital, you must have a minimum credit score of 580 and a maximum loan-to-value (LTV) ratio of 70% - 80%. You must also have a verifiable source of income and adequate collateral. LBC Capital offers competitive rates and terms on its hard money loans, which are available in first or second position.

FAQs About Hard Money Loans