Idaho investors new to hard money and bridge loans often want to know what makes either form of financing so different. Their questions are legitimate. If you have never used hard money or bridge loans before, you might not realize they constitute investor-tailored financing.
Traditional lenders tend to offer a very strict menu of financing options. That’s fine. Their business models depend on it. But if you are working on a deal that doesn’t fit into one of those packages, then what? Financing your project with traditional funding could prove almost impossible.
Hard money and bridge loans are investor-tailored financing for the simple fact that they do not fit into a neat little box. Lenders and borrowers can work together to create financing packages that meet the unique needs of each project.
Like a Perfectly Tailored Suit
Let us unpack this idea of investor-tailored financing. The word ‘tailored’ conjures up images of an expensive suit made to fit by an experienced tailor. Before a single piece of fabric is cut or a single seam is stitched, the tailor meets with the client to get measurements. Not only that, but he makes sure the measurements are perfect.
A good tailor also asks his client to define the style he is looking for. He asks about color, fabric, and accessory choices. The tailor wants to understand the client’s vision so he can produce the perfect suit. If he does his job well, the finished suit fits like a glove. Its craftsmanship is unmistakable. The suit is comfortable, easy to wear, and stunning to everyone who sees it.
We think of hard money and bridge financing in a similar way. We meet with clients to take measurements, so to speak. We want a client to lay out his vision so that we can fully understand it and get on board. Then, we create a package that meets every need in the best way possible. Can a traditional lender do that?
What Hard Money and Bridge Loans Can Do for You
We offer financing packages in Idaho because we recognize the tremendous number of opportunities in the state. Investors are making good money here, and you want to be part of that. So let’s talk about what hard money and bridge loans can do for you.
1. Access to Fast Funding
One of the primary advantages of private funding via hard money and bridge loans is speed. Working with us gives you access to fast funding. We know that is important. We know real estate deals move very quickly. The last thing you need is to sit around waiting for the lender to come through. We don’t make you wait any longer than necessary.
2. Negotiating Confidence
Private bridge loans and hard money can give you an extra boost of confidence when you are sitting at the negotiating table. You know you can deliver faster than your competitors. And because you can get to closing more quickly, you are also able to negotiate a better deal.
3. A Financing Safety Net
Maybe some of the deals you work on will be through a traditional lender. Nonetheless, hard money and bridge loans can be a safety net, just in case. Things happen, right? We have had clients come to us after their banks backed out. We were more than happy to step in with a tailored financing package.
Idaho investors have learned the value of hard money and bridge loans from private lenders like Actium. Now it is your turn. If you are new to Idaho’s market, consider investor-tailored funding in the form of hard money or bridge loans.
