We do not post interest rates on our website. We have chosen this path because we never want to quote a rate that we cannot deliver on. Unlike a traditional bank loan, where all customers receive similar pricing and they either qualify or they don’t, the private money mortgage business has much more flexibility. While this flexibility gives us the ability to make loans to much wider range of borrowers than a traditional bank, it does not allow us to offer the same pricing for every situation. Our pricing is based on the specifics of the deal. Some of the factors that go into pricing a hard money loan are the type of property, loan to value, term of the loan and specific qualifications of the borrower.
Once we speak with you directly and completely assess your individual situation, we wil be able to give you a solid quote.
Some of our competitors attempt to “put their best foot forward” when quoting rates on their websites, however in many cases the fial pricing ends up being much different than what was originally quoted. Our goal to give you a solid quote once we have reviewed your situation so there will be no surprises when it comes time to sign your loan documents. There may be situations where the terms may change before the loan is consummated, based on circumstances that change as we perform our due diligence, however in these rare cases, you will be informed of this prior to the loan closing.