Hard money lending is a great alternative to standard loans. Not only are they asset-based, but they are also quick and simple ways to close real estate transactions.
Fort Lauderdale, FL — (ReleaseWire) — 01/25/2023 — Hard money loans may play a significant role in your overall investment plan. Monroe Funding Corp believes there should be no restrictions, allowing you to maximize your potential for acquisition. Because they handle all of their underwriting decisions in-house, your requests will be approved immediately. This will allow you to maximize your spending power.
The first step in the qualification procedure is to complete their loan application with the subject property’s address and your contact information. Following this, the closing procedure is straightforward and brief. Choose the loan option that matches your needs the most, and Monroe Funding Corp will include pre-approval letters and proof of funds with your offer. You will then be prepared to close.
Exciting as it is to begin a new financial enterprise, settling a few things beforehand will make the application and approval process go more smoothly. Using your budget to identify the most advantageous terms and conditions for your transaction will significantly improve your chances of success. Make a list of non-negotiables prior to applying what you have learned. Verify that your property qualifies (Monroe Funding Corp only issues Florida hard money lending for real estate). Additionally, an appraisal will assist you in determining the property’s condition and predicted value, which is their key qualification requirements.
About Monroe Funding Corp.
Monroe Funding Corp. is a direct equity lender serving clients throughout Central and South Florida. They specialize in first mortgages on non-owner occupied residential and commercial property investments, as well as other types of real estate loans. Their quick and flexible financing products expedite the closing process for clients. For more information on Florida Commercial Real Estate Loans, please call 954-419-3539 or fill out the application.
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