Murk Investments Corp. Is a hard money lender and we wanted to share with you some basic information of hard money loans.

– Hard money loans are often originated by brokers who raise capital from private individuals.
– Interest rates on these types of loans are higher than traditional loans, usually starting at 8 percent because of the shorter term of the loan and the higher risk, but can even range between 10 and 18 percent.
– Hard money loans are short term loans used for flips or projects that can be refinanced after six to twelve months.
– Hard money loans are determined by the ratio of loan amount divided by the cost of the property. They always want to determine the loan to value prior to making any financing.
– Hard money lenders to not require appraisals.
– Most hard money lenders will lend around 60 to 70 percent of the current value of the property.
_ Hard money loans are sought out for their flexibility, fast approvals, and less documentation.

At Murk Investments, we are local to the San Diego area and are comfortable working in this market better than a national or regional lender. We lend on properties in most San Diego markets. One of the most important factors we look at is the cash the investor is bringing into the deal. All of our loans fall under a 65% loan to cost.

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