Frequently Asked Questions About Hard Money Loans

1. Exploring Hard Money Loans: What Are They?

Hard Money Loans Unveiled: A hard money loan is more than just a short-term financial solution. It’s a strategic tool for savvy real estate investors focusing on property rehabilitation, whether for resale or rental. These loans are tailored for quick acquisition and renovation, making them ideal for flipping or renting out investment properties.

2. The Advantages of Choosing Hard Money Loans

Why Opt for Hard Money Loans? Real estate investors find hard money loans invaluable for several reasons. They offer a streamlined way to finance properties’ purchase and renovation, significantly reducing upfront costs. Their rapid processing and minimal qualification criteria give investors a competitive edge in securing deals, conserving capital, and enhancing returns on ongoing projects.

3. Partnering with Global Integrity Finance: Your Strategic Advantage

Why Trust Global Integrity Finance For Your Real Estate Ventures? Global Integrity Finance prides itself on our efficient, time-tested process. Our swift and practical approach ensures our borrowers are perfectly positioned for success, making us a reliable partner in your real estate journey.

4. Diverse Property Investments: Our Lending Scope

What Property Types Does Global Finance? Our portfolio is diverse, encompassing Single-Family, Multi-Family, and Commercial properties. We’re committed to supporting a wide range of real estate investments.

5. Rapid Deal Closure: Timing is Everything

How Quickly Can Global Integrity Finance Seal the Deal? Time is of the essence in real estate. Typically, we close deals within 3-5 business days, depending on the location. In urgent scenarios, we’re capable of closing in as little as 24 hours.

6. Geographic Reach: Where Our Services Extend

Global Integrity Finance: Where Do We Operate? We’re active in many major metropolitan areas across Texas, Illinois, Missouri, Florida, North Carolina, Tennessee, Alabama, Louisiana, Georgia, New York, Indiana, Ohio, and many others, catering to a broad spectrum of real estate markets.

7. The Role of Credit in Hard Money Loans

Does Credit History Impact Loan Approval? Yes, we maintain a minimum credit requirement of 620, ensuring responsible lending and borrowing practices.

8. Loan Criteria: Aligning with Your Goals

Understanding Global Integrity Finance’s Loan Criteria: We finance up to 70% of your project’s after-repair value (ARV), covering both acquisition and renovation costs. 

9. Getting Pre-Approved: Your First Step

How to Secure Pre-Approval with Global Integrity Finance: Begin your journey with us effortlessly. Follow these simple steps for pre-approval, and we’ll guide you through our straightforward process.

10. Understanding the Draw Process

Navigating the Draw Process: For a comprehensive understanding of our draw process, visit our Draw Process page or watch our informative Draw Process video.

11. The Necessity of Appraisals

Is an Appraisal Required? Yes, an independent third-party appraiser commissioned by Global Integrity Finance will conduct the necessary appraisal to ensure fair and accurate property valuation.

12. Flexibility with Loan Extensions

Are Loan Extensions Possible? We evaluate extension requests on an individual basis. Note that additional fees may be applicable for extensions.

13. Tailored Assistance for Your Real Estate Deals

Need More Help with Your Deal? Our team is ready to assist you. Contact us at 214-548-5190 or through our contact page for personalized support