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Want to apply for a private loan to fund a real estate investment? Here is how it works: Apply Today!
Do you have a newly acquired property? Are you hoping to increase its value by putting in some repairs and renting the space out? Struggling to find an investor who understands your project and does not weigh down your efforts with massive fees? Guess what? Private money lending just might be your answer, and the application process is surprisingly simple!
With private money lending, you can fill out a simple application and get preliminary approval within 24 hours. The application does not ask for much other than your name, address, contact information, and specific details about your investment idea. It really is that simple and easy, and the resources offered in return are well worth the effort.
tHE LOAN APPLICATION PROCESS
At Kings of Capital, we strive to make the loan application process accessible and simple. We break down the necessary documents to include the bare minimum. And in response to our competitors and the banks, we provide quick results and approvals so that you do not have to wait months to find out whether you’ve gotten approved or not.
By choosing to focus on the essential information of an investment scheme, we provide quicker results, a more efficient analysis of your profile in relation to which loan program you need, and a strong entrepreneurial relationship that can get you to your maximum potential.
With our private money lending, you can fill out a simple application and get preliminary approval within 24 hours. The application does not ask for much other than your name, address, contact information, and specific details about your investment idea. It really is that simple and easy, and the resources offered in return are well worth the effort.
kings of capital - PRIVATE Money Lending
Given that our loans are based on the value of an investment property rather than the borrower’s credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale. Even with tarnished credit, a borrower can obtain a hard money loan using the value of the investment property as collateral. This makes a hard money loan a great option for anyone from beginner investors with a limited credit history to experienced investors looking to free up liquidity and scale their business.
Kings of Capital funds hard money loans on single family, multi-family, mixed-use, and commercial - fix and flip investment properties.
The interest rates on an asset based hard money loan are usually higher than those of conventional mortgages. Interest rates for hard money loans range anywhere from 9%-12%, and Kings of Capital's competitive loan programs offer qualified investors some of the best rates in the industry. Hard money lenders typically charge higher interest rates due to the greater risk associated with these loans, and the incredible speed in which they are able to process and fund transactions. Hard money loans are a very strong tool for investors who need to move quickly. These short term (usually 12 months) loans are the perfect opportunity to aid any investor in developing their success.
By securing your loan to your property, you can grow your equity quickly and reliably. At Kings of Capital, we provide flexibility and quick turnarounds to match your benefits as we aim to maximize your growth and potential. With Asset-Based Lending, you can structure your portfolio with minimum risk.
Want to apply for a private loan to fund a real estate investment? Here is how it works:
Do you have a newly acquired property? Are you hoping to increase its value by putting in some repairs and renting the space out? Struggling to find an investor who understands your project and does not weigh down your efforts with massive fees? Guess what? Private money lending just might be your answer, and the application process is surprisingly simple!
You might think to yourself that your project is quite nuanced and will likely not be understood by private money lenders at such immediacy. Well, with the application process, your investors will be able to quickly recognize your project for what it is worth by offering potential loans and strategies that are best for you and your project. By stating what type of property you have, the purpose of your loan, purchase price, budget, timeline, and estimated final value, they can quickly offer you a quality loan that will get you on your way towards getting you to your goals.
With decades of experience in the real estate investment industry, the private money lenders at Kings of Capital have expert knowledge of what to expect when people come to them with an idea. The application process merely narrows down your project to a specific degree and organizes your plan in a clear way for investors to understand without taking away or overlooking any of the essential aspects of your project. After the preliminary approval process occurs, that is when you can get into the nitty-gritty details and flesh out the best strategy and private loan for your project.
It is extremely simple and convenient to apply for a private money loan as there are no fees for doing so. Even if your project does not get initial approval, you will more than likely get some help or advice in return as the private money lenders at Kings of Capital care about their clients and care about the people that come to them. This process is made simple so as to encourage real estate investing and encourage the growth of one’s equity. No matter what idea you come with, with the expertise of private money lenders, you will walk away from the experience with a wealth of knowledge and advice that will guide you on your journey towards growing your net worth.
WHAT IS A Loan-to-Value Ratio?
Not sure how big of a loan you think you’ll get, or how it pertains to your property. Check out the LTV ratio.
The LTV ratio helps determine the security of your loan by evaluating the current total borrowed over the current appraisal value of your property. It can help dictate where you stand with your project and your borrower as well as guide you into focusing on where to improve.
In addition, the LTV ratio determines your future credit with your borrower. And depending on your borrower, you can get rejected for having too high of an LTV score.
At Kings of Capital, we aim to provide the best of services to guide our clients into lowering their LTV ratios to the best of their abilities, and we also have less strict penalties for high LTV ratios. We want to help our clients succeed and sometimes that takes some risks.
What are the key values of an investment property to keep in mind?
Purchase, Renovation, and After Repair Value.
These three stages are vital in maintaining a proper money mindset. They not only tell you the dollar amount of the property, its potential profits, as well as its level of change, but they also tell you the story of your investment. What you think it's going to be, what you plan for it to be, and what it is going to take for you to get there.
It is not enough to go into an investment with a purchase value that you find ideal, you need to be aware of the renovation costs as well as the after repair value to see if the property is worth the effort. You might come across an enticing property that seems to have a lot of potential at first, but it might not always be the best deal. Sometimes the renovation costs are unexpectedly high and you need to prepare for those situations to avoid them as best as you can.
It is not enough just to know the actual figures, you need to analyze them in a way that you see how they are connected. For example, a good after repair value does not mean as much if renovation costs were too high. Or even, an exciting, promising property might not live up to your expectations if it cannot feasibly meet your ideal, end appraisal value. You should always be aware of hidden costs and know your end value in a realistic sense.
Overall, you can make huge profits simply by applying these three values in a realistic and efficient manner.
What are Some of the Perks of a Non-traditional mortgage loan?
Non-traditional lending solutions can offer many opportunities and benefits for nearly all parties involved. For brokers, for lenders, and for borrowers, on example is a No Income Verification loan, which is an excellent way to get financing for an investment property.
For brokers, No Income Verification loans allow for greater chances at securing your clients funding as they can get approved for a loan when they could not before. Brokers can also get service revenue for their work and extra perks with lenders in order to continue their business relationships.
For lenders, they can sell a new form of lending in a way that can still generate revenues. Despite some risk that comes with the lack of income verification, lenders still receive huge significant ROI gains, however they are marginal compared to hard money, which are still satisfying because of the large number of quantity demand for the loan.
For borrowers, a No Income Verification loan is the most helpful. First and foremost, they can secure lending when they could not before. With the existence of an alternative, borrowers can achieve financing in ways they have only dreamed about before. This is especially true for those who could not afford Hard Money Loans before and those who would have likely been denied a traditional bank loan. No Income Verification Loans are especially helpful for business owners and the self-employed as they are reliable borrowers but cannot supply that information in the typical way, hence their difficulty in getting a traditional loan approved.