Jacqueline O'Shaughnessy
Jacquieo22@aol.com
(702) 429-3994
Streamline Mortgage Corporation
(702) 857-7774
Company NMLS #1716938
Agent NMLS #382900
Agent 6603
​
over 26 years experience
No personal loans, sorry
Private Money Lending on Real Estate
Hard Money Lenders Las Vegas - Las Vegas Hard Money Lenders - Nevada hard Money Lenders
Hard Money Bankers - NV Mortgage Lenders - Lenders in Las Vegas - Private Money Lending
Private Money Lender's offer​
Short term loans
Solve Problems - Secure Opportunities
Equity based loan
​
What is a Private Money Lending?
​
Private money loans are Real Estate loans that are funded by a person (Lender) or an entity instead of a bank. The same state and federal laws apply to these mortgages. We close using a title company just like any other loan.
​
Private money lenders may be used for real estate loans for a variety of reasons, including:
​
1. Faster Funding: We often provide faster funding than traditional lenders, such as banks. This can be especially useful for real estate investors who need to move quickly to secure a property.
2. Less Strict Requirements: We usually have less strict requirements than traditional lenders, making it easier for to qualify for a loan. This can be helpful for borrowers with poor credit or a limited financial history.
3. Flexibility: We are more flexible than traditional lenders when it comes to the terms of the loan. This can allow borrowers to customize the loan to their specific needs.
4. Unique Properties: We finance unique properties that traditional lenders may not be interested in, such as fixer-uppers or properties with zoning issues.
5. Investment Opportunities: Private lending can be a lucrative investment opportunity for individuals looking to diversify their portfolio. Private lenders may be able to earn a higher return on their investment than they would with other types of investments.
​
**Understanding Private Money Mortgages (Hard Money Loans, Trust Deed investments, etc)**
​
​
Loan Terms are individually negotiated based on the borrower & the property. Common features include:
​
No prepayment penalty
No appraisal
No fico requirements
Equity Based
​
Investment property (non owner occupied) -
60% - 70% LTV (Loan-to-Value) – some properties up to 80% LTV
10-12% interest only payment
12-60 month terms based on property and borrower.
No prepayment penalty
No credit requirements
Commercial Property – (standard loan limit <$5mm)
50%-70% LTV (Loan-to-Value)
10 - 12% interest only payments
12-60 month terms based on property and borrower.
Can have a prepayment penalty if Lender Desires
No Credit requirements
​
Owner Occupied –
60%-70% LTV (Loan-to-Value)
10-12% interest amortized for 30-year term with 5-year balloon.
No prepayment penalty
No credit requirements
​
​
​
Let's get started with some basics:
· Property address
· Loan amount requested.
· Purchase contract or amount owed if it's a refinance.
· application & ID
​
Upon submission, we'll discuss your property and objectives, providing a tailored list of needed information and potential loan options.
Deeper Dive into Private Money Lending:
Private money lending is not just about providing funds; it's about creating opportunities and offering solutions where traditional financing may fall short. Here are some additional aspects to consider:
- **Tailored Solutions:** Each loan is crafted to meet the unique needs of the borrower, considering factors like property type, location, and investment strategy.
- **Risk Assessment:** Private lenders assess risk differently than banks, focusing more on the property's value and potential rather than solely on the borrower's creditworthiness.
- **Short-Term Bridge Loans:** Often used for acquisitions or transitions, bridge loans provide temporary financing until long-term funding is secured or the property is sold.
- **Renovation and Construction Loans:** These loans cater to developers and investors looking to renovate or build properties, offering the necessary funds to cover construction costs.
- **Streamlined Process:** The application and approval process is typically quicker and less bureaucratic than with traditional lenders, making it ideal for time-sensitive transactions.
- **Networking Opportunities:** Working with private lenders often opens doors to networking with other real estate professionals, leading to more investment opportunities.
- **Education and Support:** For new investors or borrowers, many private lenders provide educational resources and personalized support to navigate the complexities of real estate financing.
- **Building Long-Term Relationships:** Many private lenders value long-term relationships with their clients, offering repeat financing and advice for ongoing real estate ventures.
Final Thoughts:
Private money lending is a dynamic and flexible option for real estate financing. It caters to a wide range of needs, from quick acquisitions to complex projects requiring specialized funding. Whether you're an investor seeking to expand your portfolio or a borrower needing an alternative to traditional bank loans, private money mortgages offer a viable and often lucrative solution.
By choosing private money lending, you're not just getting a loan; you're accessing a world of possibilities and custom-tailored financial solutions designed to help you succeed in your real estate endeavors.
For more information or to begin exploring your private money lending options, reach out today.