Hard money lenders are private lenders or alternative financing companies that offer loans backed by real estate, generally short-term and with less stringent requirements than traditional lenders. Interest rates on these home loans can vary widely due to different factors, such as location, property type, borrower’s credit history, and loan-to-value (LTV) ratio. Rates are typically higher compared to traditional mortgage loans due to the greater risk assumed by lenders and may change over time due to market conditions. These rates in 2023 can range from around 10% to 15% or more, depending on the factors mentioned above.
Among the “hard money lenders” that have been gaining the most strength in the US, in 2023, is HOME KAPITAL FINANCE, a mortgage financing company that, thanks to its personalized Boutique-type service and permanent support to borrowers at each stage of the process, has begun to position itself quite well among the niche of Latin American residents interested in investing in real estate in states like Michigan and Ohio.
HOME KAPITAL FINANCE offers bridge loans from 12 to 48 months with monthly interest-only installments. The borrower can make as many capital payments as he wants and/or prepay the loan without any type of penalty. The process is agile, reliable and personalized.
If you are interested in obtaining a real estate loan, I would recommend you contact HOME KAPITAL FINANCE directly through its website http://www.homekap.com or Instagram @homekapitalfinance and thus obtain updated and specific information about its rates and terms.
