You might be surprised about what the BBB has to say about your Private Mortgage Lender in Miami and Palm Beach
You can save yourself headaches by first checking the with BBB before getting a new loan.
With more individuals turning towards private money lending in Florida, it’s smart to check with the Better Business Bureau (BBB) before doing business. The BBB keeps track of all sorts of businesses, like a guard for quality compliance. Before getting a hard money loan always check with the BBB to make sure you’re working with a quality mortgage broker.
Hard Money Vs. Bank Money
Hard Money Vs. Bank Money
By Justin Kunst
Even though the economy is down money doesn’t just disappear. It gets funneled to businesses that prosper under certain conditions. Banks… are not necessarily one of these. No wonder they are trying to hold onto their money like a fat kid’s last candy bar.
Do not fear, hard money is here. Hard money, or private money, is money loaned by an individual instead of an institution. Many loan takers don’t even realize there may be a private lender living in their own neighborhood. Private lenders are like you and me, the only difference is they know how to make their money work for them.
Hard Money – Wiki
Adapted from Wikipedia – Hard Money
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan, which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.
Hard Money with Private Lenders in Miami, FL
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This website is for getting a Hard Money Loan. You can contact Franklin Karr Mortgage Co. to get a Hard Money Loan from a Private Lender without Credit Checks. Serving all of Florida and Specializing in Miami. Family Serving Florida Since 1957. No Banks, No Credit Checks. Qualification is Equity Residential, Commercial, Construction & Raw Land. We are a group of Private Mortgage Investors. No banks. Contact Franklin Karr Personally(305)962-4684 |
Florida Licensed Mortgage Brokerage Business with the FL Office of Financial Regulation, License Number: MB 0616134
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“You can get the money you need to Purchase or Refinance Commercial, Residential, Construction and even Raw Land. We deal only with private lenders. We do not charge an application fee. You can get a Hard Money Florida Loan in Miami, Ft. Lauderdale, Palm Beach, or anywhere else in Florida. We specialize in South Florida properties and can arrange for a very fast closing. You can have confidence in us as we’ve been helping people get loans for over 50 years. We will do what is in your best interest because we pride ourselves on our family’s reputation. Thank you.” - Frank Karr, |
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About Hard Money for Florida Loans
Call Today for a Free Phone Consultation directly to my personal phone line: 305-962-4684If you are directed to voice mail please leave a message and keep trying. |
Yes, the economy is down and banks are not giving money out. You can still get the money you need with a Hard Money Florida loan from a Private Lender. If you are interested in a Private Loan then you will find this website useful.
We are licensed to serve ALL of Florida. Qualification is Equity. This means the Property Qualifies, not the Borrower, and In many cases I can reestablish equity for you.
No Application Fee, Fast Closing
We work for you. We know without borrowers there would be no brokers or lenders. When you consider a Hard Money Florida Loan call us and be in good hands. Florida Private Lenders can not legally advertise without a Brokers License. Feel good that you are working with one of the best Hard Money Florida Brokers and I make it easy.
When choosing a private lender for your commercial, residential, or raw land mortgage you need to have trust. The best way to check this trust is to ask the Better Business Bureau (BBB). The BBB works to make sure private lenders and other companies keep true to their word.
Ask the BBB about Franklin Karr Mortgage Company and you will find that there are few other companies that have as high a ranking in Private Lending. When you talk to us all questions and concerns will be kept confidential. When you ask about financing you will only be speaking directly to Frank Karr himself, a level of personalism that you can only get with a family owned and operated Mortgage Company.
We specialize in Hard Money for Miami Properties. South Florida, Miami, Broward, and The Palm Beaches. Many of our lenders live in Miami and South Florida.
My name is Frank Karr and I want to help you purchase your property. Whether you live in Miami, Jacksonville, Tampa, or anywhere in Florida, I can help you get a loan. Our loans are based on Property Equity and we can even establish that equity for you. Give me a call today. Franklin Karr Mortgage Co. (305)962-4684.
Franklin Karr for Hard Money Made Easy (305) 962-4684
If you are a broker who is having trouble securing a note, I may be able to help. Call me today and we can discuss terms.
Thank you.