As with all other asset classes, real estate traverses market cycles. When the market is in a healthy state, property prices see growth and typically facilitates the ability to secure a loan. In bad circumstances, the opposite happens. When the market doesn't do that great and property values go down, getting a loan becomes a greater challenge. With COVID-19 the process has once again become more tricky.
Fort Lauderdale, FL -- (SBWIRE) -- 05/21/2020 -- During the closing phase time is often crucial. Florida real estate developers have been using hard money funding for its rapidity for decades now. In contrast with a "conventional" loan, approval can be obtained in mere hours compared to the normal loan approval process, which can continue for weeks or months. When they need swift funds, virtually any investor wanting a competitive bid to secure property can rely on Monroe Funding Corporation.
Borrowers applying for a hard money loan should not be faced with an endless list of terms and conditions and should expect a swift response. After consideration is given to factors such as property ownership, punctual approval for an asset-based loan will likely be granted. Investors quickly obtain the funds they may need for projects.
About Monroe Funding Corporation
Monroe Funding Corporation is a direct equity lender serving clients throughout Central and South Florida, specializing in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get clients to the closing table quickly and professionally. For more information on hard money lenders Miami or Florida hard money lending, please call 954-816-0388 or fill out the application.