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Hassle-Free Lending in Idaho: What You Don’t Need to Bring

07.01.25 | By: Actium Partners

Hassle-Free Lending in Idaho: What You Don’t Need to Bring

Actium Lending is proud to be a hard money lender for Idaho borrowers looking for a hassle-free experience. Our hard money and bridge loans have helped countless Idaho clients achieve their financial goals. It is all about how we do things.

You probably already know what Actium brings to the table in terms of private lending. But you might be interested to know what you don’t need to bring as a borrower. The things traditional lending requires are often unnecessary in private lending. They only get in the way of a smooth and productive transaction, anyway.

Below is a list of things you don’t need when you apply for an Actium loan. By the time you are done reading this post, you should understand why Actium Lending is a preferred private lender for Idaho hard money and bridge loans.

You Don’t Need a Stellar Credit Rating

Let us begin with a stellar credit rating. You don’t need one to qualify for a bridge or hard money loan. The private lending we engage in is asset-based. That means we make approval decisions based largely on collateral value. We are more interested in the collateral you offer than an arbitrary credit reading assigned by one of the major agencies.

You Don’t Need Traditional Income

When applying for a traditional loan, you need to produce verification of traditional income. That generally means tax forms and pay stubs for consumers. For business entities, it means bank and P&L statements. We don’t require such documentation because traditional income is not necessary.

Many of our clients are property investors. Their income is considered capital gains rather than weekly pay. As a result, they couldn’t produce pay stubs if they wanted to. It doesn’t matter to us. Non-traditional income is fine.

You Don’t Need a Ton of Documentation

You also don’t need a ton of documentation when applying for a hard money or bridge loan. Our documentation requirements for Idaho borrowers are minimal. We generally need information about the transaction (what you plan to spend the money on) and relevant information on the collateral you are offering.

We will let you know what you need to furnish when you contact us about a loan. Rest assured you will not be getting regular calls and emails requesting updated documentation for weeks on end. We just don’t require a mountain of documents.

You Don’t Need a Lot of Time

You won’t need a lot of time to get from loan application to closing. In most cases, we can approve a bridge or hard money loan in a day or so. We can draw up the paperwork and get it funded in another day or two. Most of our clients get from approval to closing within a week. If necessary, we can pull things together in an emergency to approve and fund a loan in a single business day.

Traditional lenders simply cannot work that quickly. And best, you’re looking at a few weeks with the traditional lender. At worst, you might be looking at several months. We are guessing you don’t have that kind of time.

You Don’t Need a Ton of Patience

Finally, you don’t need the same level of patience that is often required by traditional lending. We work quickly, efficiently, and transparently. That means fewer surprises for you. It means less frustration and time spent wondering what we are doing at our end.

Actium Lending offers hassle-free hard money and bridge loans in Idaho. If you are an Idaho borrower for whom traditional lending is not the best option, we would like to hear from you.

Previously

Legitimate Reasons You Might Need Fast Funding for Real Estate

Legitimate Reasons You Might Need Fast Funding for Real Estate

07.01.25 | By: Actium Partners

Collateral Flexibility Within Real Estate Lending

Collateral Flexibility Within Real Estate Lending

07.01.25 | By: Actium Partners

Colorado Bridge Loans: Making Money Work in the Centennial State

Colorado Bridge Loans: Making Money Work in the Centennial State

07.01.25 | By: Actium Partners

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