Let me be your “YES” man!
We can say YES where most banks and brokers say NO.
Whatever the reason we all find ourselves in a situation where an ideal opportunity presents itself but we do not have the means to take advantage of it. Maybe you are self employed, just weathered the recession and have found the perfect house at a great price. Except the banks will not touch you. Here is where private lending could be the ideal option.
A few facts about helping you get a private mortgage:
- This is also commonly called bridge lending, as it bridges the gap between where you are right now and where you want to be.
- Lenders look more at the quality of the property, so YES is possible even if you have less than perfect credit.
- Funding can happen fast, in a matter of days vs weeks with the traditional channel.
- Since this is not a long-term solution you should also have your exit strategy prepared upon submission.
Contact Pat today to see if private lending can help you with your present situation.