At Direct Investors, we understand that investors cannot wait for conventional funding and must close a rehab loan quickly. We provide fast hard money loans to allow our investors to make fast turnarounds and realize faster profits. We have an easy application process, very fast underwriting and closing with funding in a matter of days.
While banks do not like making rehab loans, our asset-based financing strategy allows us to help investors purchase properties in need of repairs. Credit scores are not a factor!
There are always great opportunities for real estate investors. Unfortunately, financing can be a challenge for many. Credit standards with traditional lenders remain tight, and banks do not like making short-term loans or financing properties in need of significant repairs. Investors who turn to traditional funding may also be required to wait weeks or months for funding -- allowing great opportunities to slip away.
While hard money loans have higher rates than a conventional loan, the loans fund in a matter of days -- not weeks. There are no credit rating standards for this asset-based, short-term lending.
Private rehab loans make it possible to make the repairs necessary, buy more properties and make money faster. In many cases, the single loan can cover purchase costs and repairs, as well as closing costs. This allows you to buy an investment property and make money -- without using any cash of your own. Most investors pay the loan back when the property is sold and enjoy our flexible loan schedules and options if properties take longer to sell than expected. This is flexibility and speed you will not get from a conventional funding option.