Idaho is just one of several states Actium Partners is now active in. Since expanding to the Gem State, we have had the pleasure of working with a variety of borrowers who discovered just how beneficial hard money can be to realizing one’s financial goals. That leads us to a question: are you ready to look at Idaho hard money loans?

What Hard Money Loans Are Used for

Hard money lenders tend to have their areas of special interest. They write hard money loans to cover a variety of small business and investor needs. Here at Actium, the vast majority of our loans are designed for property acquisition. They are made to investors looking to expand their portfolios.

We have had remarkable success funding property acquisitions over the years. If you are a property investor looking for a better way to acquire Idaho properties, we hope you will consider a hard money loan from Actium Partners.

Hard Money’s 3 Big Advantages

Clients come looking for Idaho hard money loans for a number of reasons. There are probably half a dozen or more legitimate advantages to choosing hard money over traditional financing. Here are just three of them:

1. Fast Funding

Traditional funding can take weeks to arrange and months to close. Hard money loans are much faster. Within a few days, most hard money loans can be approved and funded.

2. Flexible Lending Criteria

The lending criteria of your typical hard money lender are far less stringent compared to those of more traditional lenders. It is one of the big reasons hard money is so attractive to real estate investors.

3. It’s Asset-Based

Hard money lending is asset-based lending. That means there is no income verification required. Lenders are more concerned about the value of the property being acquired than anything else.

A strong proposal complete with a solid exit plan puts the borrower in a particularly good position. Hard money lenders, including Actium Partners, are always looking for high-value projects that benefit both borrower and lender alike.

Choosing a Lender

As for choosing an Idaho hard money lender, approach it no differently than you would traditional funding. For starters, ask for referrals from others in the real estate industry. Find out who they use and what they think of those lenders.

A colleague telling you of a good experience with his lender doesn’t guarantee you’ll have a similar experience. But it does increase the chances significantly. Hard money lenders tend to do things consistently from one project to the next. So a lot of referrals to the same lender mean something.

You should also be sure to look into licensing and insurance. Hard money lenders registered as legitimate financial services companies are licensed by their respective states. Idaho hard money lenders are no different. In addition, lenders should be insured as a means of protecting both you and them.

Pay Attention to the Details

One last thing we would like to mention is to pay attention to the details. Not every hard money lender in Idaho does business the same way. That doesn’t make one lender right and another wrong. It just means they are different. It is important to fully understand all the details of a proposed lending package before you sign on the dotted line.

Hard money is a fantastic financing tool that Idaho borrowers have come to love. Whether you are looking to obtain non-residential real estate or have a small business need, hard money could be the ticket. We would be interested in talking with you about property acquisition and how we might help.