Saving money? Cincinnati Hard Money Lenders Are Now Available

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Cincinnati Hard Money Lenders For Fix And Flip Or
Fix To Rent - Groundfloor
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For fix and flip, the primary source of funding
for borrowers is a hard money loan. These are
high-interest, short-term loans that are ideal
for asset flipping. Let's get into it.
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About Hard Money Loans Hard money loans are
excellent options for borrowers seeking financing
for the purchase of a home, repairs, carrying
costs, and other expenses associated with a fix
and flips or fix to rent.
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Hard money lenders are not the same as
traditional banks. Their loans are intended for
real estate investors who require funding to
cover the costs of purchasing and repairing a
fix-and-flip property. These are typically
intended for short-term use.
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Groundfloor, a hard money lender rarely requires
good credit or a solid employment history because
they will use the property as collateral to
mitigate risk.
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Another reason why many borrowers prefer hard
money loans from Groundfloor is the speed with
which they can be funded. The average hard money
loan is funded within a few weeks of application,
and some can be funded in as little as a few
days.
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HarD moNey loaNs are typically shorter iN
DuratioN thaN traDitioNal loaNs, maturiNg iN
moNths rather thaN years. As a result, they are
preferreD by iNDiviDuals such as real estate
Developers who iNteND to holD oNto the property
for oNly as loNg as it takes to reNovate aND
resell it.
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If a reNovator waNts to keep the property for a
while, they caN obtaiN harD moNey loaNs to
complete their projects, theN refiNaNce the loaN
with a DiffereNt, more traDitioNal leNDer to take
aDvaNtage of lower iNterest rates.
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GrouNDfloor is a hard money lender that worKs
with iNDiviDuals looKiNg to complete short-term
resiDeNtial real estate projects. Borrowers
beNefit from flexible terms, quicK closiNg, aND
competitive iNterest rates, as well as the optioN
to Defer paymeNt uNtil the eND of the loaN term
rather thaN payiNg moNthly.
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GrouNDfloor carefully moNitors each loaN aND
maiNtaiNs active commuNicatioN with borrowers
about the project's progress. They try to be
proactive iN iDeNtifyiNg aND aDDressiNg poteNtial
issues.
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Contact Us Phone no. 404-850-9225 Email
support_at_groundfloor.us Address 600 Peachtree St
NE, Ste. 810 Atlanta, GA 30308
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