Thomas Rothstein of the Alternative Funding Group has just release his list of the Top Hard Money Lenders for Investment Properties. This list is designed to help investors get the funding for their real estate investment properties regardless of their credit history.
Online PR News – 09-July-2010 – – Investment Property - Thomas Rothstein Has Just Release A List Of The Top Hard Money Lenders
New Orleans – Thomas Rothstein of the Alternative Funding Group has just release his list of the Top Hard Money Lenders for Investment Properties. This list is designed to help investors get the funding for their real estate investment properties regardless of their credit history.
The Alternative Funding Groups provides rehab funding for investment properties that are non owner occupied. Many of the Hard Money lenders included in this list are only interested in the details of the deal and the after repair values the property. The benefit to partnering with hard money lenders allows the principal to acquire the investment property without assuming all of the risk.
The Alternative Funding Group is also a direct hard money lender and can also provide funding options for multi-family investment properties, as well as Auto Dealership Funding.
Hard Money lenders assume the majority of the risk in real estate investing by only investing in properties at a profitable LTV (Loan to Value) Percentage. The actual investment property is used as collateral therefore there is no need to use the investors money, or in most cases their credit. Hard Money Lenders are simply looking for really good deals, and to establish a profitable relationship with investors based on their ability to eventually sell the investment property.
Shay Williams Garrett of Rehab Watch says “the sweetest deals going right now for investors are currently offered by The Alternative Funding Group. Despite the fact that AFG will only fund deals within certain states, there are no requirements that you actually live in one of their servicing states.”
The basic requirement for direct hard money loans with AFG is that investor have at least a 680 FICO (credit score), and at least four months of monthly mortgage payments in the bank in case the home does not sale within the allot time frame you requested.”
If you meet these simply requirements then AFG will cover 100% of the acquisition cost including all closing cost. Many real estate investors have found AFG terms pretty amazing which has resulted in many investors taking advantage of the program being that there are no out of pocket expenses.
For more information on The Alternative Funding Group List of Hard Money Lenders please visit their website at http://www.fundingyourrehab.com.