Are you looking to acquire real estate in the San Diego area using a hard money loan? A hard money loan is an efficient strategy for acquiring property. How so? These types of loans can be funded fast enough to meet almost any closing timeline.

At Murk Investments Corp., borrowers will contact us for a hard money loan once they enter into a contract to buy a property. Borrowers usually offer a quick closing timeline and a cash payment to the seller of the property. Once our firm has contact with the borrower we will evaluate the collateral (subject property) and how much money the borrower has to acquire the property. After that, it is fairly simple to fund the hard money loan.

Hard money loans can also be used as second mortgages. Using the real estate as collateral, a bank may refuse to give more financing to a borrower due to bad credit and the specifics of the situation. In this scenario, a hard money loan may be the only option for this homeowner. The interest rate would be higher than a first position loan but can still be done. Interest rates for first position hard money loans are usually 8 to 15 percent and the limit for funding these types of loans are about 60 to 70 percent of the property’s value.

Hard money loans are a good way to help investors get started in real estate. They are also a funding method used by seasoned professionals.

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

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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