When you need cash quickly, trying to get a traditional loan from a bank may take too long and will not guarantee funding. If you are looking for a better way to receive expeditious funding for an important project in Phoenix, a hard money loan from Capital Fund 1 may be a good option for you. As a short term loan option, hard money loans have a few significant benefits.
The underwriting process differs from lender to lender. Most hard money lenders look at applications individually and offer funds on a case by case basis. The amount an applicant receives is based on a loan-to-value ratio set by the lender. For an LTV of 50%, the loan amount will be half of the value of whatever assets are used for collateral. Capital Fund 1 made the process even easier with a three-step process for securing a loan.
Capital Fund 1 makes it fast and simple for you to secure a hard money loan for construction, commercial projects, land and lot transactions, and fix and flip projects. Some loans may be approved and funded in as little as 24 hours with no credit check or tax information required.
