funded quickly and accurately. As you can see, trustworthy hard money lending firms have much to offer serious real estate investors. As you seek to grow your real estate investing portfolio, consider meeting with a trusted hard money lending company in your area. •
experience with that lender. If the feed- back you receive is negative, consider finding a different lender. How experienced is the company’s lead- ership team? You should also consider the experience and background of the people who own or manage the hard money lending company you’re con- sidering. Are they non-industry people with money to lend, or do they have qualified experience in the real estate industry? Hard money lending isn’t just about having money to lend; a reputable lending firm knows the fine details of real estate lending and possesses the knowledge and experience to get loans
What types of loans has the company funded? Reputable hard money lenders will be forthcoming regarding the different types of loans they’ve funded. As you research different hard money lending firms, it’s vital that you look to establish a relationship with one that has experience funding the loan amounts and property types that you are seeking to finance. What is the company’s reputation? It’s important to gather information about a lender’s reputation before doing business with that company. You should call the local Better Business Bureau and ask around other members of your local real estate community about their
Brandon Walters is principal of INCA Capital, a leading hard money lender in the Southwestern United States.
As a direct lender, INCA Capital has funded nearly 600 loans totaling more than $1.1 billion since 1998. Visit this link to get The Ultimate Guide to Hard Money Lending.
JULY/AUGUST 2016 | 11
Made with FlippingBook Online document