Gone are the days when the banks and big corporations were the only places you could seek financing to make a profit from your property. Today, private lending firms like the LBC Capital LLC firm, seek to finance borrowers.Unlike banks, the firm finances you regardless of your poor credit history. What actually matters to private lenders is the collateralon the table, not your credit score.
Within a day or days, approval is given depending on your situation. Whether rehabilitation or purchasing of the property you intend to make profits from, the lender is keen to understand the situation. LBC Capital LLC understands no situation is the same for everyone. So whether you are starting a business, buying land or even constructing property, the LBC Capital LLC may still finance you.
The idea of having your property is fulfilling. However, not everyone believes it is achievable especially for anyone with a poor credit history. Well, LBC Capital LLC offers you low-rate hard money loans.The worth of your property, as well as the value of the property after repair (ARV), is what is majorly look into. The firm does its financial analysis which includes the loan to value ratio, checks the location and the necessary paperwork or permits of the property. Thereafter, the property valuation is determined.If satisfied, the firm finances you immediately without hesitation.
Having been in the game for more than 15 years and helped over 7500 happy clients,LBC Capital LLC has changed the lives of many indeed. The firm has managed to overcome the same hurdles you as a borrower are facing to get your deal financed. And with the ever-changing policies surrounding the lending process, the firm understands how you can protect your assets and yourself.
The staff in their local hard money local office give advice throughout the process of lending and financing. Luckily, their Los Angeles Hard Money loan office is only a call awayand consultation is free.
Private money lenders, also known as direct lenders offer the easiest solution to getting funding and owning property within a day. This comes in handy for those who cannot access the bank loans easier to get financed due to bad credit scores. A leading firm in California, LBC Capital LLC, has helped many residents in the state be property owners. The firm can acquire a single or multifamily residence,commercial or industrial property, and land.
Three of the reasons why you should visit their local hard money lenders offices immediately and seek consultation are;
- Flexibility
Unlike banks, the firm does not stand firm and give out its terms to the client. They have qualified staff ready to advise and look into your situation from a different angle than that of the banks. In fact, with the firm, there is an opportunity to negotiate for low repayment rates and a manageable repayment schedule.
- Larger loan amounts
Direct lenders give more loan amounts compared to banks. LBC Capital LLC gives a loan amount ranging from $100,000 to $15 million. Depending on your collateral, the firm is ready to give you an opportunity.
- Fast Approval and minimal documentation
Luckily, the firm considers the value of your assets rather than how much you make and its documentation. This comes to the aid of the self-employed who lack proper documentation but have a viable asset that can be used as collateral. In short, they do not focus more on the borrower than the asset you are offering.
CONCLUSION
Most of their clients in Los Angeles state, have paid a visit to the Los Angeles hard money loan office and are ready to engage the firm more than the local banks to own property.Over 7500 clients have had an amazing experience from the moment their file was opened to when it was closed.