Clients come to Actium Partners in search of hard money and bridge loans for lots of different reasons. To some of our clients, we are the first choice for funding their immediate financial needs. To others, we are a source of fast cash when time is of the essence. But every once in a while, we will meet a client who comes to us out of frustration. That client will say something like, “Conventional loans just aren’t worth it.”

When someone says that they are usually referring to how difficult it is to secure conventional financing for a project they are currently working on. There may be too much paperwork. The lender might be asking them to jump through hoops. There is no way for us to know without asking. But the one thing these clients all have in common is frustration with the conventional lending system.

Their Way Works for Some

Conventional lenders have their way of doing things. We get it. We are okay with it, too. Their way works for some borrowers. More importantly, conventional financing plays an important role in helping to keep the American economy moving along. But just like hard money and bridge loans are not right for everyone, neither is conventional financing.

When conventional loans aren’t ideal, they can be more frustrating than they need to be. And when this is the case, a hard money lender is often in the best position to help out. If you are not sure why, perhaps you’ve never had to endure the process of getting a conventional business loan.

What You Can Expect from Us

We don’t want to intentionally disparage the banking industry in any way. So rather than talk more about why conventional loans can be so frustrating, we would rather talk about what you can expect from Actium Partners as a borrower.

• Private Lending – Right off the bat, what we do is considered private lending. As private lenders, we are subject to a different set of rules and regulations. We do things differently because our model isn’t the same as a bank’s model.
• Minimal Paperwork – Different rules and regulations allow us to process loans differently. You can expect minimal paperwork requirements when you apply for a loan from Actium.
• A Quick Decision – Hard money loans are based on assets – more on that in a minute. For now, though, understand that basing approval on assets gives us the ability to render quick decisions. We will let you know in a day or so whether you are approved.
• Equally Fast Funding – Because our paperwork requirements are minimal, we can process and fund loans rather quickly. Once you get approval, funding can be completed in as little as one business day.

Most of the things that differentiate hard money lending from its conventional counterpart are rooted in our asset-based lending model. In asset-based lending, approvals are based on the value of assets borrowers offer as collateral.

The majority of the loans we make are for real estate investments. As such, the properties being acquired act as collateral on the loans used to purchase them. The value of an individual property largely determines whether a loan application is approved. As long as the value is there, things generally turn out okay.

We have heard on more than one occasion that conventional loans just aren’t worth it. That means different things to different people. Regardless of what it might mean to you, we have an alternative in hard money and bridge loans. Check us out if you need hard money loans or other alternative financing in Utah, Colorado, or Idaho.