What is a no seasoning private money loan?
The question of how to get and what is a no seasoning private money loan comes up quite often. This type of loan is needed when a person is acquiring a property to flip or rehab, or inheriting a property that needs to be refinanced at the market value. It is very common for an investor to need a no seasoning private money loan when purchasing a property to rehab. In a flip or rehab project the purchase price is well below the after repaired value. Some lenders will lend you no seasoning private money loan on the future or after repair value. It is often customary for the lender to hold back some money for the repairs and give them out for each phase, ensuring the repairs are completed. This frees up the needed cash to do the repairs and flip the property. IE. using other peoples money.
Are no seasoning private money loans available?
The answer is yes! No seasoning private money loans are available in the San Francisco Bay Area. There are loan officers ready to help you today. Just be ready when you make the call to have a contractors list of what needs to be done and priced accordingly. The more detailed you are the smoother the transaction will go.
What if I just inherited a home or building and need no seasoning private money loan quickly? Maybe to cover other debt or past taxes. No problem a no seasoning private money loan is right for this situation. If you just inherited a home or building and need cash to cover expenses, call us today.
Where do I get a no seasoning private money loan in the Bay Area or San Francisco? You are on the right site. A Saxe Mortgage no seasoning private money loan is waiting for you today. Please understand that products change from time to time so call ad get talk to our staff about our current loan products.