Looking for quick real estate loans? Can’t seem to find a bank that can provide you with a loan in a matter of days? Don’t know what other options are available to you?

Quick real estate loans can be considered an oxymoron at a traditional lending institution such as a bank, where the process of obtaining a loan can take weeks if not months. For a swift solution for your borrowing needs, consider a direct real estate lender, also known as a hard money lender – these private lenders can provide a loan to you in just a few short days. As long as there is a viable property that you are investing in, you can be assured to have the funding for it.

How is it possible for a private lender to give out such quick real estate loans? Two basic reasons: first, private lenders are not bound by the same regulations that banks are governed by. While banks do everything in their power to reduce risk for themselves, direct real estate lenders base the loan primarily on the potential of the property. Second, the property becomes the collateral for the loan, and thus all the traditional elements (such as lending, income and credit history) associated with a loan become less relevant.

Typically, quick real estate loans like a hard money loan will go up as high as 70% of the value of the property, and delivered in under a week. In return, loan periods can be limited to even 1 or 2 years, and most loans command up to 15% interest fees. Despite these terms, investors still find it to be worth it, as these loans are not only fast, but also incredibly flexible.

Whether your property is residential or commercial, a new construction, distressed property, or even foreclosure, a direct real estate lender will consider you for quick real estate loans. Banks wouldn’t even think of touching properties with a hint of difficulty, even if it turns out that they could be great investments once turned around. So if you have found a property that can provide returns on your investment quickly, a hard money loan can get you started without the wait.

A word to the wise – before considering a loan, whether it is a quick real estate loan like hard money, or a traditional loan, do your research. It is important not only to evaluate what a loan can do for you, but whether the property you are investing in or your own financial situation is where it needs to be. While quick real estate loans can be crucial to your investment, only smart decisions will guarantee your future success.

Learn more about quick real estate loans by contacting Lighthouse Capital Funding. We are a private lender that specializes in providing you with a convenient and effective solution to your real estate investment needs.