Michigan Hard Money Lenders
Looking for a Michigan 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 Michigan loan or you can’t wait the typical 40 days to have your loan funded through Michigan conventional lenders – because you need your loan funded fast – consider a Michigan private equity or hard money loan.
Michigan Hard Money Loans
Michigan Private equity – hard money – loans are asset based loans placed with Michigan private investors who use their private money to finance or refinance real estate loans. Michigan 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.
Michigan Private Equity Loans
In order to meet the needs of just such Michigan 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.
Michigan Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a Michigan bridge loan, a Michigan sub prime loan or a loan from Michigan 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 Michigan hard money private equity loan options including: Michigan commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of Michigan
French explorers were the first to reach Michigan in the early 1600s. The first permanent settlement was established at Sault St. Marie in 1668. Following the French and Indian Wars, Great Britain took over the area in 1763. After the revolution the U.S. gained control, although fighting continued until the end of the
Michigan borders four of the five Great Lakes. Its capital is Lansing and other large cities are Detroit, Grand Rapids, Warren, Sterling and Flint. Population in 2005 was 10,120,860. Michigan is first among the producers of automobiles and trucks; cereals, machine tools, refrigerators, aeronautical parts, furniture and hardware are also produced. It is a major producer of iron, copper, gypsum, iodine, salt and cement and wood products.
Its agricultural products include apples, pears, beans, sugar beets and potatoes.
Michigan’s forests and lakes make it an ideal tourist destination. The Great Lakes’ shorelines provide limitless places to fish. Mackinac Island, Sleeping Bears Dunes National Lakeshores, the many automobile plants, and Pictured Rocks are all favorite attractions.
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.