Salt Lake City, UT (PRWEB) January 04, 2013
Loan Funding Co. is a private, hard money lender that can fund large and small loans and which utilizes an easy step-by-step loan process to help borrowers obtain financing as quickly as possible. Depending on the size, quality, and exit strategy of a loan, Loan Funding Co. can provide very affordable private financing for almost anyone with a viable opportunity.
In situations where a loan is not quite right for Loan Funding Co.’s portfolio, it puts borrowers and intermediaries in contact with a proprietary network of lenders (both conventional and private) that often provide borrowers with timely solutions to their financing needs. Loan Funding Co.’s lender relations department will help borrowers locate and coordinate with private money lenders in an effort to streamline the hard money lending process when such need arises. One reason why Loan Funding Co.’s process is so effective is because it allows private lenders to select individual loans that meet their qualifying interests. This helps to create opportunities for borrowers to easily locate and work with lenders that specialize in offering funding for their specific loan type and situation. Additionally, the company’s representatives are willing to work with both lenders and borrowers to help facilitate the process by negotiating terms and assisting with the underwriting of loans, among many other things. The Loan Funding Co. network includes real estate professionals, appraisers, accountants, attorneys and industry professionals that work together to assist lenders and borrowers throughout the lending process.
Loan Funding Co. is able to finance opportunities that range from $50,000 to $25 million. They offer a direct lender experience, meaning there is no middleman. Their bridge loans are ideal for developers and commercial real estate opportunities such as apartment complexes, retail and commercial space and even hotels.
As a hard money lender, Loan Funding Co. focuses on complex high-yield opportunities that fall outside standard bank loan lending practices. The company primarily works with transactions that have a low “Loan-To-Value” ratio, but also have complicated title issues, construction financing requirements, and borrowers with damaged credit or cash-flow issues. The advantage of working with a hard money lender is that it offers the ability for the borrower and lender to meet and form agreeable terms, instead of dealing with the rigid, inflexible loan requirements imposed by many banks.
The process for working with Loan Funding Co. is simple. A borrower or his intermediary (or broker) needs to fill out and submit a loan data sheet so that a member of the company’s borrower relations team can provide an initial evaluation of the opportunity. If the opportunity fits Loan Funding Co.’s guidelines then it will go immediately into the underwriting process; however, if it will not work for the company’s portfolio then a borrower can request that a lender representative assist him or her with locating the ideal lender for the transaction. If the loan is acceptable to another lender then an underwriter or agent from that lender will contact the borrower to begin the formal underwriting process. If the lender representative is successful in helping the borrower to obtain a loan then Loan Funding Co. negotiates a direct fee with the borrower and then the fee is paid directly from the loan’s proceeds.
About Loan Funding Co.
With several years of hard money lending experience, Loan Funding Co. has helped fund hundreds of millions of dollars worth of private real estate loans. Their experts specialize in negotiating, structuring, stacking and presenting loans to private hard money lenders. Since their experts focus on repacking and reorganizing loans, they have a higher hard money and bridge loans closure rate than other private money lenders within the industry. Borrowers can rest assured knowing they are in safe hands when working with Loan Funding Co.