Part I: The Loan Ranger describes the in’s and out’s of the approval process for hard money loans through the lens of a property in west Bloomfield MI. Learn how you can successfully navigate alternative lending.
Part II: The Loan Ranger presents a follow up to Part I; Gravity Capital does a second loan on the property in West Bloomfield, MI.
In today’s financial and business lending world, it has become increasingly difficult to borrow money from banks. Unless you have the cash in the bank, perfect credit and the ability to make a substantial down payment, you can bet your bottom dollar that most banks will respond to your query with a resounding “No.” The strain of trying to thrive in this type of challenging environment is causing more and more people to seek out real estate loans for their business lending needs via alternative financiers.
So what does this all mean for you? Your can achieve your dreams by vigorously searching for opportunities. The key to getting a loan approval is finding land at a undervalued price. The better deal the better chance for your approval. We are in the business of win-win deals. A successful borrower adds more to our bottom line than an unsuccessful one. We want to provide hard money loans that improve your life style but with that being said success is largely based on your work and business acumen.
