Are you looking for a reliable source for source who can help with your first-position loan need? You have come to the right place because CB Hard Money Loans is here to help.
At CB Hard Money Loans, we work closely with trusted investors and institutions for fast approvals. Being a part of this business since 1989, we are good at what we do, which has allowed us to gain a solid reputation. Our process is fast and easy, making it convenient for everyone. Thus, when it comes to loan programs, you can count on our expertise.
What Is A First-Position Loan & How Can It Help You?
A first-position loan is a type of loan that gives the lender the first claim to your property should you default on the loan. In other words, if you take out a first-position loan and then default on payments, the lender can foreclose on your property and sell it to recoup their losses.
First-position loans are often used by borrowers who want to consolidate their debt or who need a large sum of money for a short period of time. First-position loans can be either secured or unsecured, but most lenders will require collateral, such as real estate equity, to approve the loan.
What Are The Terms Of First-Position Loans?
The terms of first-position loans vary depending on the lender, but they typically last for 1-5 years and have an interest rate of 5-10%. First-position loans are not suitable for everyone, so it's essential to understand the pros and cons before taking out a loan.
Benefits That A First-Position Loan Can Offer
You can often get a lower interest rate than other types of loans.
You may be able to get approved for a larger loan amount than with other types of loans.
There is typically no prepayment penalty, so you can pay off the loan early if you want to.
Consult CB Hard Money Loans To Fund Your Project Quickly
There are many benefits to securing a loan with the assistance of CB Hard Money. We can fund your project quickly and provide the capital you need to get your business off the ground or grow your current operations.
We also have various loan options available, so you can choose the one that best suits your needs. Our team is experienced in working with entrepreneurs and business owners, and we will work with you to find the right loan package for your venture.
Please call us if you're interested in learning more about our loan programs. We would be happy to answer any of your questions and help you get started on the path to success.
If you are looking for a home loan but have been frustrated by the bank's approval process, look no further than CB Hard Money Loans. We are here to help and provide an option that will work with your needs!