CCM-Finance

Fix and flip loans are short-term loans used basically by real estate investors for purchasing and renovating a property before flipping it for a profit. Fix and Flip loans are very much popular in the USA as these type of loans for flipping houses help investors fast closings for properties in any condition. Among fix and flip loans , the most popular are hard money loans. CCM-Finance offers fix and flip loans to investors with competitive rates in Twin Cities, USA. There are basically 6 types of fix and flip loans in trend. These are: Types of Fix and Flip Loans:  Hard Money Loan: A hard money loan also referred as rehab loan is a short-term loan secured by real estate. These loans are utilized by fix and flippers to purchase and renovate a property. Investors normally utilize hard cash advances to buy, remodel, and sell a property with an year. These credits are perfect for fix and flippers since they fund properties in poor condition. Hard money loans approval an...

If your business is in a position where you can not qualify for a traditional business loan, but need money for a project, or for any other reason, a hard money financing can be a way to go. Hard cash loans are not traditional, alternative sources of finance for small businesses such as real estate sector. What is a hard loan? A hard loan is a risky, asset-based loan used by companies that can not qualify for other types of loans to finance their business. When a project emerges in which a small business wants to invest, or when a company has used up its credit lines, they can turn to their hard cash loans for their needs. Hard cash loans are placed with retail investors, banks, mortgage lenders and even the Small Business Administration. Small business cash loans should only be used for emergencies due to their high interest rates. How do you qualify for a hard money loan? Hard money financing is not based on the creditworthiness of the borrower. Instead, they are b...

When people hear the phrase “real estate investment,” they may think about buying or selling the property, but there’s more to it. If you get a good real estate investment advice , it can lead to a significant profit for you. It’s you who decide the type of investment you want to make before buying the property. Sometimes, the best option for you is to flip the real estate. Or maybe, you should prefer the rehab projects. There’s always something different in each area of real estate. Getting Started in Real Estate Investing Following are some of the primary real estate investment tips, which will be helping you in getting started in real estate investing: You should be very careful when you look into properties with strange room layouts. They seem to be interesting, but most people don’t like such strangely developed houses. It can be challenging for you to sell them afterward. When you experience some success, in the beginning, do not get over enthusiast. Spending a lot of ...

When you decide to build your home, you’ll surely get a choice to buy a custom home instead. Well, the option is great who want to personalize their home according to their needs and tastes. When it’s about financing, there are a few aspects of building and buying process for a custom home, which is similar to building and buying a production home. When builders have to construct the houses, they’ll likely need the home building loans . A home building loan is a type of short-term investments, taken by a builder for constructing a house. Generally, during the construction period, a borrower has only to pay interest. The process works in the following steps: When you apply for construction loans for builders, your lender will need a copy of the tender of the building and its construction plans. The lender will consult with there valuer to calculate the estimated value of the property after completion of the construction. They will assess your loan on the lesser of the land ...

Applying for home building loans for house construction is an excellent idea to obtain the home you have wanted so much, however, there is specific information that you should know. Before committing to a loan, there is important information that you should know about the loans for home construction, this will help you to have the bases to make the right decision and thus, not to damage your financial situation. The construction of houses is a subject that many fear because then, it is thought that it is a very expensive processor that it is necessary to have all the money in hand in order to start construction. However, you should know that you have the option of requesting a loan to build your house; It's just a matter of knowing what these financial products consist of. Because it is increasingly difficult to find a home that meets our expectations, the best option is to build a house, so you will have the security that will have everything you need regardin...

When you hear the phrase, “hard money loans” what’s the first thing that comes to your mind? A person who works in dark alleys, charging sky-high interest rates over the loan amount? Well luckily, such types of hard money lenders don’t exist in today’s market. Still, if you think that real estate investment could be risker with hard money loans, then you haven’t utilized the services of the reputable money lender. In simple terms, hard money loan is a short-term loan that real estate business person use to secure their projects. They are funded by private investors team, not by credit unions or banks. Usually, they are carried for about 12 months, which can be extended to 2 to 5 years, depending upon the loan amount. You need to pay only interest, or interest and some principal amount every month, with a balloon payment when the loan term ends. The money that your money lender will lend you depends upon the value of the subjected property. It can any, the one you already o...

Real estate investment can be a lucrative avenue for making money, and an efficient way to build your portfolio. Hard money loan is used as a short-term lending tool for investing in real estate. If you can’t afford to purchase real estate, then a hard money loan is always there for you.  In this category, fix and flip loans help the short-term real estate investors for purchasing or renovating the property before they flip it for a profit. There are total six types of these loans that can let you finance the properties even in distressed conditions. They comprise cash-out refinances, hard money loans, lines of credit, etc. Following are the six types of fix/flips project: Home Equity Line of Credit (HELOC) It is a home equity loans which is similar to a credit card rather than a conventional loan type. In this case, fix and flip investors are given a line of credit, which is based on their existing home or property. They can use this credit over the HELOC terms. The...

If you are going to start a commercial, residential project when hard money lending can be extremely profitable for you. Many people have developed their career as a commercial hard money lenders in the recent years. Most people confuse the term hard money with “money which is difficult to obtain.” It is wrong. In reality, hard money loan is the easiest fund that you can procure. You can say that Hard money is unconventional asset-based lending in which, real estate is the collateral of the loan. In general terms, it is the last resort for borrower due to following unconventional characteristics: Credit Score of the Borrower Type of loan Fast Funding Timeline, etc. Hard Money lenders include: Pension funds Real Estate Funds Private Individuals having money for lending Some of the individuals have deep pockets while some have deep pockets. The hard money lenders lend their money on a short-term base to the borrowers. As a borrower, you can use it for many pr...