Alaska Hard Money Lenders
Looking for a Alaska Hard Money Lender – Private Equity Loan? Need to act quickly so as not to miss an opportunity. If your current credit, employment or asset situation won’t allow you to get a conventional Alaska loan or you can’t wait the typical 40 days to have your loan funded through Alaska conventional lenders – because you need your loan funded fast – consider a Alaska private equity or hard money loan.
Alaska Hard Money Loans
Alaska Private equity – hard money – loans are asset based loans placed with Alaska private investors who use their private money to finance or refinance real estate loans. Alaska Private equity hard money loans are based almost solely on the property value as apposed to conventional lending institutions which have strict underwriting guidelines for borrower credit, loan to value amount and real estate asset value.
Through years in the mortgage lending business hard money lenders have seen all types of borrower situations were conventional lenders will not or can not accommodate the borrowers needs – due to credit issues, time frame issues or income and employment issues.
Alaska Private Equity Loans
In order to meet the needs of just such Alaska hard money loan borrowers hard money lenders have developed relationships with a number of private equity lenders that loan their private funds based on the secured asset value of your property alone. Private equity lenders typically do not require proof of income, they will loan based on your stated income and the value of your property or profitability of your project.
Alaska Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a Alaska bridge loan, a Alaska sub prime loan or a loan from Alaska high risk lender visit these pages and visit the private equity hard money high risk lenders you’ll find listed.
Contact these hard money lenders they will explain all your Alaska hard money private equity loan options including: Alaska commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of Alaska
In 1741 Vitus Bering, a Dane employed by Russia, and Alexei Chirikov discovered the Aleutian Islands and the Alaska mainland. In 1867 U.S. Secretary of State, William Seward arranged to purchase the largely unexplored wilderness from Russia for $7,200,000. People called it Seward’s Folly, although the price was a mere two cents an acre. In 1880 a census tallied 33,426 inhabitants. All but 430 were of native origin including Eskimos, Indians and Aleuts. Today about a third are American Indians. The Aleuts are related to the Eskimos. The 2005 population was 663,661.
The fur trade was begun by the Russian,s and was also entered into by the British who leased land in the south from Russia in 1850. In 1853 oil was first discovered, and coal mining began in 1857. In 1861 gold was discovered, and in1878 the first fish cannery opened; in 1884 the first tourists arrived and in 1902 oil began to be produced. A cable was laid from Seattle, and in 1905 and the telegraph came to Alaska. In 1940, Fort Richardson, the territory’s first military installation was opened, and in 1942 Japan invaded the Aleutian Islands and bombed the mainland.
In 1958 the Alaska Territory became the 49th state, and in 1978, the Trans-Alaska Pipeline began to operate. Today mining, oil production and natural gas recovery are Alaska’s primary industries, along with fisheries, wood production, furs and tourism.
Alaska has extraordinary scenery: Denali National Park and the Mendenhall Glacier are prime attractions, as is the Katmai National Park, an area of active volcanoes. The largest cities are Anchorage, Fairbanks, Juneau (the capital) and Sitka. There are more than 100 national parks.
Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.