In 2022 We started a private money business, Jump Capital, and have close over a million in just our first half year. Hard money lending has become increasingly popular in recent years, and for good reason. We believe there is a need in our local market for real estate investors and those are the people we are here to serve. This type of lending offers a number of benefits that make it a strong option for borrowers. Here are just a few of the benefits of using hard money lending in 2023:
- Speed: One of the biggest advantages of hard money lending is the speed at which the loan can be approved and funded. Because hard money lenders rely on the value of the property being used as collateral, rather than the borrower’s credit history, the approval process can be much faster than with traditional lenders. This is particularly beneficial for borrowers who need to close on a property quickly.
- Flexibility: Hard money lenders are typically more flexible than traditional lenders when it comes to underwriting standards. They are willing to consider a wider range of properties and borrowers, and may be more open to working with individuals who have less-than-perfect credit or who are self-employed.
- Higher loan-to-value ratios: Hard money lenders are often willing to lend at higher loan-to-value ratios than traditional lenders. This means that borrowers can often get more financing for their property, which can be especially helpful for those who are looking to rehab or flip a property.
- Short-term loans: Hard money loans are typically shorter-term loans, with repayment periods ranging from a few months to a few years. This makes them well-suited for borrowers who are looking to quickly buy, fix up, and sell a property, or who need short-term financing for other purposes.
- Interest-only payments: Many hard money loans offer interest-only payments, which can be beneficial for borrowers who are looking to minimize their monthly payments while they work on improving their property.
- Working with experienced local investors with years of experience underwriting deal and local market knowledge and a large network of other professionals.
Overall, Jump Capital offers a number of benefits that make it a strong option for borrowers and lenders in 2023. If you’re considering using hard money financing for your next real estate project, it’s worth considering the benefits outlined above and talking to us to see if it’s the right fit for you. Let’s grow our businesses together in 2023!
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Jump Capital operates in West Virginia, Maryland, Virginia, and PA areas loosely connected by the I-81 Corridor. We have a long-standing real estate investing business that holds long-term and short-term rentals. We have a long track record of successfully acquiring, fixing, & flipping single-family homes in this area. We have successfully completed 100’s of multi-family and single-family deals. In doing that we have become very competent in underwriting investment deals. Based on this experience we are now providing that service to other investors.
We are now offering qualified investors funding opportunities to grow their investment business in the local area. If you are looking to fund the purchase and rehab of a fix-and-flip project or short-term flip into a rental, we may be a solution to your funding needs.
As we always have, we are looking to continue to build strong relationships and strategic partnerships through our funding business. If you have a project to fund and want more information please either call 240-630-4255 or submit your information on the link below.
https://www.mdwvhomebuyer.com/jump-capital/