Turn to us for convenient private money lending solutions.
If you want to invest in a piece of real estate, turn to our services offered under our Second Chance Realized program for private money lending solutions. Private money lending is a type of financing where you secure capital for the purpose of purchasing, rehabilitating, or refinancing a property. We have helped many real estate investors here in the Forsyth County, North Carolina area obtain the capital they need to meet their real estate investment goals. We specialize in providing funding for investors looking for down payments, earnest money, double closings, and almost any other kind of transaction the involves a 30 day or less turnaround time.
In many cases, private money lending is a solution for funding projects that may not qualify for traditional bank refinancing. For example, many banks will not fund mortgages for development projects, rental properties, and fix-and-flip properties. Private money lending features a quick application to close process, so you can get started on that next venture as quickly as possible.
For real estate purposes, private money lending typically features short-term loans with higher interest rates. The loan amount is usually based on the after-repair value (ARV) of the property, which is solidified after the property has been fully renovated. As such, the terms for private money loans can vary widely depending on your borrowing needs and the properties of the property you want to invest in.
If you need access to quick, flexible financing for your next real estate venture, private money lending may be the way to go. Because we want to meet a wide range of needs, we also offer property appraisals through C and J Appraisal Company, LLC. For more information about our private money lending solutions or to learn about our appraisals, reach out to us today.
Contact C and J Appraisal Company, LLC Today!
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FAQs About Gap/Transactional Lending
At C and J Appraisal Company, LLC, we provide high-quality private money lending solutions to real estate investors in our service area. Below, we have answered a few common questions we receive about this service and how it works.
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What is private money lending?
At its core, private money lending involves individuals or private entities lending money to borrowers, usually for real estate transactions. We are not a traditional financial institution, but a private group offering lending options.
How is private money lending different from traditional lending?
What does your company lend on?
With private money lending, we focus on financing earnest money, down payments, closing costs, construction costs, and real estate overhead costs for periods between 5-45 days. We typically finance residential properties and transactions. We usually focus on the value of the property and sufficient collateral instead of the borrower’s credit history when providing financing.
How quickly can you finance properties with this lending options?
How can I learn more?
Contact C and J Appraisal Company, LLC Today!
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At C and J Appraisal Company, LLC, we offer private money lending services for those in the Triad, as well as throughout Raleigh, Mecklenburg County, Stokes County, Davidson County, Alamance County, Randolph County, Rockingham County, Forsyth County, and Guilford County, North Carolina.
