The Ligon Group's - Ligon Capital Division has excellent opportunities for investors and real estate professionals
LOANS - LENDING - FUNDING
Ligon Capital is a Investor partnership division of The Ligon Group. The Ligon Group is a full service Real Estate Firm and we are always looking to work with like minded entrepreneurs and business professionals.
Contact our offices today to discuss joint venture and investment partnership options with our firm.
WHAT IS HARD MONEY?
Hard money loans are loans that are secured by real property. You may also hear them referred to as "short-term bridge loans. These loans are primarily used in real estate transactions, with the lender being a trusted Company or individual and not a traditional bank.
HOW DOES HARD MONEY WORK?
Hard money loans are loans typically sought after by real estate investors, rehabbers and house flippers. These loans are based primarily on the value of a property and not the creditworthiness of the borrower. The property purchased is used as collateral for the hard money loan.
THE HOME OF THE STABBL LOAN
Asked about our STABBL Loan Program
BENEFITS OF A HARD MONEY LOAN
There are several advantages of using hard money with real estate transactions.
Here are 3 advantages of using a hard money loan.
Options: When dealing with hard money lenders, you are normally in a position to speak with an actual decision maker. Unlike a bank where you're only dealing with a representative. This affords you some unique options when discussing terms and conditions. In some instances you may be able to adjust some of the loan options.
Speed: Since hard money lenders are not bond by the same rules and regulations as banks, turn around times are much faster. Hard money lenders focus on the subject property more than on the individuals financial situation or creditworthiness. This means potential approvals can be made super fast, which can assist the borrower in securing an asset faster than with traditional financing.
Approvals: Since a hard money loan is backed by actual real estate, the approval of the individual is not required like it is at a traditional bank. So even if you have weak credit, you can still get a hard money loan on a property for your project. Hard money lenders invest in real assets not individuals.