LendingOne is an Columbus private money lender offering short-term mortgage loans to real estate investors in Akron, Cincinnati, Cleveland, Columbus, Dayton, Toledo. Get a private money loan for a property purchase, refinance, equity cash out,
rehab or new construction purchase.
Get ahead of the competition in the Columbus real estate market. Speak to a Hard Money expert today by calling 866-918-1974
For investors looking for real estate financing near Columbus, OH for their investment deals, finding the right hard money lender or private money lender is essential. Locating a hard money lender in your state who understands the Columbus, OH local market for fix and flip or rental deals will make it even easier.
A hard money loan is a type of loan that is issued to investors based on the “hard asset” or the property itself. While hard money lenders do take into consideration additional factors like the individual borrower’s credit, experience, and income, these are not as high a priority when determining the borrower’s eligibility and loan amount. Hard money loans typically come with much higher interest rates, sometimes anywhere between 8% and 14% and have shorter terms of around 12 months. This is a much quicker form of funding, with loans capable of being issued within days to weeks instead of months.
Hard money loans are funded through private investors, smaller companies and businesses near Columbus, OH. Traditional lenders such as banks will not issue hard money loans.
For Columbus, OH real estate investors interested in locating deals for fix and flip investments that they can purchase inexpensively with Hard Money lenders loans, renovate, and sell for a profit, analyzing the number of foreclosures, auctions, and bank-owned properties is extremely helpful. Due to high competition for these types of properties, investors will appreciate the speed that Hard Money lenders loans offer when they are trying to close on a property ahead of another investor.
Real estate investors purchasing homes using Hard Money lenders loans in Columbus, OH should look at the data available to get a good idea of whether the market is prime for buyers or sellers. Determining the demand for housing will help with pricing their property accordingly, and knowing how much money for purchase and repair costs they’ll need from their Hard Money Lender.
With home values having increased over the last few years in Columbus, OH and expected to continue in this direction in the future, purchasing a rental property with Hard Money lenders loans in the Columbus, OH area will allow for both stable monthly cash flow and a steady appreciation in value.
Education: Columbus is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Columbus, OH area.
Economy: Columbus‘s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Columbus Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.