If you are thinking about refinancing your mortgage, there are a lot of factors to consider. It’s not just about getting a lower rate on your mortgage. It’s also about making sure that you are getting the best possible deal for yourself and your family.
The first step in finding the right private money lender is understanding what type of lender you need. There are several different types of lenders that offer mortgages as well as refinance loans; each one has its own set of advantages and disadvantages.
One type of mortgage lender is an independent mortgage broker or agent. These lenders can be hired by consumers to help them find lenders who will offer them the best rates possible on their new loan or refinance loan. Some independent mortgage brokers work directly with lenders while others work with both borrowers and lenders to help create customized packages that meet individual needs and goals.
Another type of lender is a large commercial bank or credit union, which offers mortgages through their own lending departments rather than independently contracting with individual borrowers through brokers or agents like independent mortgage brokers do.
Private money lenders will charge interest rates that are typically much lower than what you’d find with a bank. This means that if you have bad credit, private money lenders may be able to help you out more than a bank would be able to.
Private money lenders also do not require collateral as part of their loan agreements, as banks do. This means that if something happens with your business and you lose all of your collateral, there is no risk for the lender and he or she can still make a profit from the loan agreement even though it’s been lost Fix and Flip Loans Near Me!
Real Estate Loans –
These types of loans are used by real estate investors in order to purchase properties and improve their net worth through renovations and improvements. The goal of these types of investments is usually long-term appreciation, not quick profits or high rates of return on investment (ROI).
Dedicated Lenders for Real Estate Investors
BridgeWell Capital LLC is a real estate lending company that makes it easy to access capital at the most competitive rates. We provide our investors with access to a vast network of lenders who are ready and willing to lend to local real estate investors. We do this by sourcing and screening high quality borrowers, as well as providing them with tailor-made financing solutions that are competitively priced and tailored to their individual needs. By sourcing and screening high quality borrowers, we ensure that you get exactly what you need in terms of credit type, origination timeframe and loan amount.
BridgeWell Capital LLC offers several types of loans:
Commercial Loans: We primarily lend against commercial real estate property located within the U.S., including office buildings, warehouses, retail malls and more. In addition to traditional commercial loans, we may also make available construction loans (including renovation), second mortgages or land development loans for commercial properties as well.
Residential Loans: We primarily lend against residential real estate property located within the U.S., including single family homes, townhouses, condominiums and more Fix and Flip Loans Near Me.
The Real Estate Capital Loan Program is a unique opportunity to own a portion of the building you’re investing in. The BridgeWell Capital LLC team is comprised of seasoned real estate investors and professionals, who have built their businesses by providing loans and lending capital for other investors.
We are dedicated lenders for real estate investors who want to make their purchase/investment in commercial real estate. We work with our clients to create a structured financing program that is tailored to meet each investor’s individual needs and goals.