Why Get a Hard Money Loan From Us?
Hard money or asset-based loans are quick and convenient financial assistance provided by private lenders. They are popular in the real estate industry because there’s no long, complicated application process to worry about. At Abbey Mortgage & Investments, we can help you through the entire loan application procedure and ensure you get the best deal. We are experienced hard money lenders in Colorado Springs with more than 20 years under our belt. You can trust us to provide expert advice.
No Credit Check will be performed at this time, for review only.
Benefits of Hard Money Loans
Many people are hesitant to consider asset-based loans because they think such options are for people that are struggling financially. As experienced hard money lenders in Colorado Springs, we have worked with a wide range of clients like individual investors, real estate developers, real estate rehabilitation investors, etc. Here’s a look at why many people find this option appealing:
- No Complicated Application – Banks approve loans only after they go through your credit score, financial history, and current bank account numbers. You need to provide a lot of information and wade through a deluge of paperwork. The complicated application process can be challenging for people like real estate developers who need loans frequently.
- Higher Approval Rates – Unlike banks, we look at the equity value of the property instead of things like a credit score. If the asset has value and your loan amount is reasonable, in comparison, the loan will most likely be approved.
- Speed – Most investors are on a short timeline and need financial assistance quickly. Traditional loans can take anywhere between 90 and 180 days to get approved. Asset-based loans from hard money lenders in Colorado Springs can be approved in just 5 to 10 days.
If you want advice or more information from experienced hard money lenders in Colorado Springs, don’t hesitate to reach out to us at Abbey Mortgage & Investments for a customized plan.