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direct nationwide hard money lender

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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 cannot 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 an excellent 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 on 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 they can process and fund transactions. Hard money loans are vital 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. In addition, with Asset-Based Lending, you can structure your portfolio with minimum risk.

Private Money Lending for Real Estate Investors

 

Are you self-employed? Are you a business owner? Does your income look unappealing to traditional financial institutions like banks?

 

It would be best to seek out a private money lender like Kings of Capital. Here, we have nationwide private lending options for borrowers that come with us from a myriad of real estate investment scenarios.

 

If you are self-employed and a business owner with an unstable cash flow, there are loans that don’t require you to provide your income. 

 

When working with a private money lender, the borrower will only need to provide their credit history, liquid assets, and past investment experience.

Are you tired of putting substantial down payments on loans for your properties as a borrower? Is it making you feel like the loan isn’t worth it when there is such a large down payment?

 

We understand what you are feeling. But unfortunately, most traditional financial institutions require you to pay huge down payments because their maximum loan-to-value (LTV) ratio is 70%. 

 

But don’t worry. Private money lenders like Kings of Capital have another path for you. A way that has lower interest rates and a smaller down payment upfront. You do not have to provide proof of income with no income verification loans, but there is also a higher maximum LTV. 

 

The LTV maximum goes up to 85% for no income verification loans. This means you would have to pay a much smaller down payment. 

Have you looked at traditional money loans and don’t qualify for any?

 

How can you reach your desired endpoint? Simple answer: having a good plan.

 

Having a plan is everything. You need to have a detailed understanding of every step you will take before starting the process. If you have a targeted final appraisal value in mind, you should figure out each step it takes to get there. You should know if your targeted ambitions are feasible for the property you have, what kind of improvements need to be made on the property and how you are going to enact them. It would be best to have a solid plan that details your endpoint and all the details in between before you even begin. This is crucial because it guarantees an even greater likelihood that your loan will succeed. The more information you have solidified and understood beforehand, the better your chances are.

 

You do not want to fall into the position of making an irreversible mistake that costs you much money and potentially the project itself. It would help if you had a keen awareness of everything you are going to do and then follow that model to your best abilities.

 

However, following a plan does not necessarily mean that everything will go exactly as predicted. There will always be wrinkles and bumps in the road that you cannot see beforehand, but if you have a good plan, you at least have a chance at finding a way around it. The best-laid plans are usually the ones with the least amount of unpredictability.


 

Adapting and being responsive is a vastly underrated skill in real estate investing.

 

While it is always encouraged to have a strategic plan, you must always be wary of the unpredictable nature of dealing with elements that you cannot control. Sometimes your loan application cannot be signed off on time because your lender had an emergency or they are having technical difficulties. Sometimes your reconstruction crew proves underwhelming through poor results or absenteeism. It would be best if you were prepared for these scenarios and react to them accordingly.

 

You have to be aware of the situation at hand. Anything can happen along the way, and the better you understand the unpredictable nature of the real estate market, the better you will be able to plan, prepare, and adapt when necessary.

 

However, as long as you have a proper plan in place, your ability to be adaptable and responsive should not be too difficult. If your goal is detailed and robust, you likely will not have to change much. However, you should always be conscious of different opportunities and choose the path best for your investment narrative. Sometimes you will be asked to detour from your initial plans, but you should never forget how your decisions impact your investment narrative, especially in the long term.

A Message from CEO, Bill Lodge

 

Why did I go into the mortgage industry?

 

I got into the mortgage industry back in 2002. Before then, I was working in retail and working ten days a week to get one day off. Those hours were insane. So, I left to go into the world of private lending.

 

I wanted to feel some form of normalcy. I wanted to further my investing career. So I tried to take control of my life and make myself successful through my means.

 

After a while, my reasoning changed. I now do it because it married my love for lending and investing. I, of course, had to learn how to do these two things. And honestly, I have failed many times. I believe that I have failed more times than people try. However, thanks to those failures, I’ve learned so much about myself and how to succeed. 

 

You have to learn what you want for yourself and go for it with no holds barred. That means you have to take risks. You want to make wise choices, but you have to put it all on the line if you're truly successful. You have to follow your passions and skills in a way that best suits you and what you want from your life. That is what I’ve done and what I feel I have accomplished.

 

There is no success without failure, so I don’t shy away from my mistakes. This is why I am great at what I do. I learned. Now, I see those mistakes a mile away, and I lead my customers away from making those same failures. I support them in their efforts, but most importantly, I guide them in following the correct path to success.

tHE LOAN APPLICATION PROCESS

 

Why did I go into the mortgage industry?

 

I got into the mortgage industry back in 2002. Before then, I was working in retail and working ten days a week to get one day off. Those hours were insane. So, I left to go into the world of private lending.

 

I wanted to feel some form of normalcy. I wanted to further my investing career. So I tried to take control of my life and make myself successful through my means.

 

After a while, my reasoning changed. I now do it because it married my love for lending and investing. I, of course, had to learn how to do these two things. And honestly, I have failed many times. I believe that I have failed more times than people try. However, thanks to those failures, I’ve learned so much about myself and how to succeed. 

 

You have to learn what you want for yourself and go for it with no holds barred. That means you have to take risks. You want to make wise choices, but you have to put it all on the line if you're truly successful. You have to follow your passions and skills in a way that best suits you and what you want from your life. That is what I’ve done and what I feel I have accomplished.

 

There is no success without failure, so I don’t shy away from my mistakes. This is why I am great at what I do. I learned. Now, I see those mistakes a mile away, and I lead my customers away from making those same failures. I support them in their efforts, but most importantly, I guide them in following the correct path to success.