Hard Money Loans
When it comes to financing real estate, investors have different needs than homebuyers. That’s why working with a lender specializing in investment loans is crucial.
Here at Pine Financial Group, we have over a decade of experience working with real estate investors to provide the financing solutions they need to invest in properties throughout Maryland. One of the financing solutions we offer to Maryland investors is our 90% acquisition loan.
Acquisition loans are a type of loan specifically designed to help investors finance the purchase of investment properties. Investors can use these loans to cover a significant amount of the purchase price of both residential and commercial properties.
We offer these types of loans to help investors who may not have the personal funding required to qualify for more traditional loans.
Borrowers do not need a reserve, nor do they have to make a sizable down payment. In addition, our acquisition loans are called “90% acquisition loans” because they will cover 90% of the property’s purchase price. As a result, borrowers will only be responsible for making a 10% down payment.
As a result, purchasing a property becomes more financially feasible (especially for newer investors) using an acquisition loan.
Although investors have many options when financing their real estate deals, there are some significant benefits to choosing our 90% acquisition loan. The following are a few ways how our 90% acquisition loan can benefit you as an investor:
One of the main benefits of our acquisition loans is that they close quickly. We understand that time is of the essence when you’re trying topurchase an investment property.
Therefore, we work hard to get your loan approved and funded quickly. In general, we close our acquisition loans within one week. However, we can help you close within as little as a day or two if needed.
We believe in being transparent with our borrowers. That’s why we never charge any hidden fees with our acquisition loans. Traditional loans often come with hidden fees, such as prepayment penalties. There are no such fees attached to our acquisition loans.
We know you don’t want to waste time trying to purchase an investment property. That’s why we offer one-day pre-approval on our acquisition loans. We’ll review your loan application and get back to you quickly so you can move forward, knowing that you’ll have the funding you need to make a strong offer.
If you’re negotiating a deal with a seller, having a loan commitment letter can give you an advantage over other potential buyers. A loan commitment letter is a document that states that you are approved for financing up to a certain amount.
This letter can show the seller that you’re serious about purchasing the property and have the financing to do so. We provide our borrowers with loan commitment letters upon pre-approval at no cost.
At Pine Financial Group, we understand that every real estate investor is unique. We’ll work with you one-on-one to assess your needs and tailor a loan solution that meets your specific goals. If you’re applying for our 90% acquisition loan, you can expect complete transparency on the loan details and a fast approval process that will help you save time and money.