HARD MONEY LENDING NORTH CAROLINA
HARD MONEY LENDING NORTH CAROLINA
The North Carolina real estate market is a great option for real estate investors. With picturesque cities like Charlotte, Durham and Raleigh, North Carolina has an up-and-coming vibe that is attracting a youthful population and a host of economic potential along with it. These two factors—population and employment growth—are key when it comes to selecting the ideal real estate market to get involved in. Increases in both population and employment opportunities translate into increased housing demands. North Carolina’s population growth is 1.14%, which puts it at 14th in the country and well-above the nationwide average of 0.7%. Additionally, the state’s economy is robust and diversified across multiple sectors such as information technology, energy and finance.
The state’s stable economy means that there is a steady wave of incoming new residents that will all need a place to live, making it the ideal spot to acquire investment properties. North Carolina is renowned for its charming rural towns, award-winning beaches and unique culture that is centered around year-round recreational options. There are multiple college towns as well with North Carolina State, Duke University and University of North Carolina at Chapel Hill/Wilmington creating markets primed with abundant college student apartment-seekers. What’s more, in the recently released PwC report “Emerging Trends in Real Estate,” North Carolina garnered three spots in the top ten U.S. markets to watch.
Hard Money Lending Highlights
- Fix & Flip, New Construction, Rental & Commercial Bridge loans available.
- ≤70% Loan to Value based off of the After Repair Value
- No Limitations on Rehab Budget in Relation to Purchase
- Minimum FICO 650
- 12 Month Term
- Loan Must Close in LLC or Corporate Entity
- Quick Closings
- Rates from 7.49% to 10.99% – Interest Only
- Origination Fee 2-3 Points
- All Asset Classes Considered
- Loan Amounts Up To $100,000 – $3,000,000