Onward Financial - Hard Money Loan, Hard Money Loans                                         
     
 
 
  Overview
  Criteria
  Loan Programs
 
We provide hard money lending services in the form of short-term real estate secured loans to investors for purchase and rehabilitation. Our financing is available to investors for the purchase of of real estate at substantially more liberal terms than offered by the traditional banking community.
 
Investors utilize our financing for the following reasons:
 
1.
  Helping to buy multiple properties- being able to purchase property with little or no money down, then refinancing off the appraised value allows the investor to buy an unlimited amount of properties since cash reserves will not be liquidated. Most investors see that the fees of hard money loans are regained over time from not paying PMI and more favorable rates for their permanent mortgage due to lower loan to value.
   
2.
  Money available to improve the property- an LIP account (Loan in Process) can be established to reimburse the borrower for work performed on the home. The owner will have a home in ready condition to demand the best rents available and not be bogged down in expensive repairs to the home.
   
3.
 
The loan can close in a business name with the borrower signing a personal guarantee.
   
4.
  Interest only payments
   
5.
 

Fast Closings – Being able to close a loan with us in less than a week allows the borrower to acquire property on more favorable terms. Additionally with hard money lending, fast closings allow the borrower to close more transactions in a shorter period of time as compared to traditional financing sources.

 

 
  We service our customers’ needs with a sense of urgency.  
  We are responsive and deliver what we promise.  
  We are fair and honest in our dealings with others.  
  We are friendly, courteous, and have respect for others.  
  We are easy to do business with.  
  We work as a team.  
  We evolve with our clients and help them grow their business.  
  We continue to improve our products and services to meet new market needs.  
 
Our business is built on referrals by providing superior customer service. We want to earn your business the same way.
 
       
 
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