Nevada Hard money lenders

When you need capital within days, not weeks – finding the right Nevada hard money lenders can be the difference between getting the deal or letting it slip away.  Financing is the oxygen of the real estate industry, and more and more investors are finding the benefits of securing capital through private firms rather than relying on traditional banking.  The key difference is asset-based lending – where underwriting is based on the quality of the real estate, less on the individual borrowing the money.  In the world of big banking – an individual with credit issues or bankruptcy will face an uphill battle in trying to get a loan – regardless of the quality of the asset.  A good deal will still be a good deal if it is purchased by an individual with a bankruptcy on record.  Because asset based lending is focused on the property, the approval process is much faster – our underwriters only need to evaluate the property, and you can be approved in days, not weeks or months. 

If you are looking for a hard money loan anywhere in Nevada, few states experienced the rapid population growth like Nevada in the past 10 years.  Increased tourism to Las Vegas and massive baby boomer migration to Nevada’s affordable homes and warm weather made it a popular destination for many new residents.  Las Vegas is now one of the 30 largest cities in the country and growing very fast.  The state’s location – close to southern and northern California makes it a perfect spot for logistics and warehousing distribution centers.  And the state now has multiple cities with growing population and massive developments such as Henderson – getting a hard money loan in Nevada was never easier.

We believe private financing will change the lending world just like Uber changed transportation.  During the 2009 financial crisis we learned that most of the fears associated with private financing  (predatory rates, high fees, speculation) were regular practice for the major financial banks.  The sharing economy is proof that the most efficient way to conduct business is peer-to-peer where both parties can dictate the terms that are comfortable for their needs.  The advantages of traditional mortgages are clear – lower rates from institutions that are highly regulated by the government.  However, many shrewd investors realized that speed of approval is just as important as low rates.  This is where private hard money loans come into the picture – with a turnaround of days, not weeks – you can secure financing on a deal that requires a fast close and beat other investors with a better offer.