What is A Hard Money Loan?
There’s often a bit of confusion surrounding hard money loans and what they can be used for. Tabs, LLC is Colorado’s premier hard money lender, and we want you to have all of the information you need to make a sound decision when applying for a hard money loan. Tabs, LLC’s hard money loans assist real estate investors to purchase properties in Colorado that, without which, they would otherwise be unable to secure through other financial institutions. These hard money loans allow real estate investors to secure/purchase and rehab properties to hold or develop. We proudly offer our hard money loans with 70 percent ARV, allowing our borrowers to move forward with their real estate plans shortly after their loan is approved. Curious about what all you can do with your hard money loan? Read on to learn more.
This type of hard money loan for Coloradan real estate investors is for purchasing and rehabbing property that is in need of repair. Also known as a “fix and flip” loan, a renovation loan is a short-term loan that typically covers the purchasing amount, as well as construction or repair costs. This affords investors capital to buy the property they’re seeking, as well as allowing them the chance to repair or construct the property.
Tabs, LLC’s bridge loan program is a hard money loan for real estate investors who are looking to purchase a property that requires little or no repair. Our Bridge loans are perfect for real estate investors who either need more time to secure institutional lending or are searching for an end buyer. Bridge loans allow real estate investors the flexibility they need to move forward with their project.
Vacant Land Loans
This type of hard money loan allows real estate investors the opportunity to purchase vacant land when they otherwise wouldn’t have the capital to do so. Vacant land loans are perfect for the real estate investor who wishes to pre-sell the lot, or who is looking to purchase the lot immediately with the option of later refinancing through a traditional lender.
New Construction Loans
This type of hard money loan gives real estate investors the chance to begin a new construction/development project that they otherwise wouldn’t be able to start. Tabs, LLC wants to help Colorado’s booming real estate market succeed, and our new construction loans are perfect for getting your next new construction project off the ground.
Buy And Hold Loans
If you’re a real estate investor looking to rent properties but are having trouble securing funds through traditional lending institutions, then Tabs, LLC’s buy and hold hard money loans are perfect for the real estate investor who’s looking to get their rental property project underway. If you have any questions, comments, or concerns about the hard money loan information presented here, please don’t hesitate to reach out to us today to learn more.