In my previous blog post I talked about hard money loans and the difficulties with acquiring conventional bank loans. A few years back getting a loan from a bank in the Miami, Florida area was relatively easy— at least compared to now when banks have issued stricter rules and regulations concerning loans. This makes it hard for investors to get the money they need to invest in properties, which some Miami investors feel is especially hindering as they live in one of the most dynamic real-estate markets in the world.
If you’re a Miami, Ft Lauderdale, Palm Beach or generally want to invest in Florida and are having a difficult time getting a loan through a bank, you might want to consider Royal Capital Group if you want to get a fast loan at your desired loan amount. As a disclaimer you should take note that the interest rates are higher with hard money loans so you need to understand the advantages that come with taking them out. For your safety you should get in touch with a lender personally and inquire about their rules and regulations and then come to an agreement and get your payment scheme cleared.
