Being a hard money lender, our team at Murk Investments Corp wanted to give you a go-to page where you can read some fast facts on hard money loans.

A hard money loan is a short-term asset-based loan funded by private individuals or other financing through a broker where the loan is secured by real property and is used for business purposes.

— This type of loan is a quick and efficient way to get cash for a project/property.
–This type of loan is based on the purchase price of the property, costs of renovation, and the ARV (After Repair Value).
–The monthly payment usually is made up of interest only payments.
— In this type of loan, property is used as collateral.
–Interest rates usually are higher with hard money loans because the property is usually not in condition to receive traditional financing.
— Interest and fees depend on the lender and risk involved with the specifics of the loan.
— Terms of the loan are specific with each scenario, which will be determined by the lender.
— Hard money loans are often used as bridge loans, fix and flip loans, construction loans.
— The most common questions asked by the lender for a hard money loan are: property — location, loan to cost (or value), borrower equity, ARV, inspection report, construction costs, borrower credit rating, and borrower income to cover the payments.
–Hard money loans are very common for investors and real estate professionals, which means there’s a lot of options out there – make sure you work with the right lender that makes sense for your needs and the market you have interests in. Ask the lender for their requirements and fees.

At Murk Investments Corp., we provide business purpose loans secured by real property. We have the most competitive rates in the area, with no junk fees. We collaborate with you to find the best solutions.

If you want to learn more about hard money loans or what types of hard loans we offer, call 760-453-0409 or visit our hard money lender contact page. We look forward to speaking with you! Murk Investments Corp. Is based in San Diego.

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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our site constitutes a solicitation, recommendation, endorsement, or offer by Murk Investments Corp. or any third party service provider to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
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