South Carolina Hard Money Lenders With Fast Approvals
Alternate financing that is quick and flexible to fulfill your financial needs in South Carolina’s real estate marketplaces. You could be able to close in less than a week.
Hard Money Loan Advantage For Real Estate Investors In South Carolina
Fast access to funds
Unlike traditional lenders, who can take months to process a loan, 14th Street Capital hard money loans are approved in a matter of days to weeks. We acknowledge that time is of the essence, and we work hard to ensure that you don't miss out on great opportunities in South Carolina's competitive real estate market.
Minimal documentation needed
The number of documents you must submit and formalities you must complete when taking a hard money loan from 14th Street Capital are the smallest because there is minimal underwriting involved in the loan approval process. The lending process is simplified, with minimal documentation requirements.
No prepayment penalties
There are no fines for paying off hard money loans early because they are primarily short-term loans. When you take out a short-term hard money loan like a fix and flip loan, there are no prepayment penalties, unlike traditional lending sources, which charge penalty fees if you pay ahead of schedule. This enables you to complete the loan on time and immediately begin your next investment project.
Funding for diverse real estate needs
For investors trying to fix and flip properties for a profit, conventional loans are frequently unavailable. Such transactions are inherently dangerous, and they fail to pass the tight criteria and regulations that banks must follow. Investors wishing to buy distressed properties to flip for profit or renovate before renting them out should check into hard money lenders.
Hard Money Loan Highlights
- Interest rates that are competitive
- Documentation requirements are minimal
- No minimum income requirement
- Relationship-based lending
- Tailored loan offerings
- No hidden fees
- There are no prepayment penalties or exit costs
- Loan conditions can be tailored to meet your specific needs
- Flexible underwriting without rigid guidelines
- Financing backed by assets
- Quick loan approval
Why Choose 14th Street Capital For Hard Money Loans In South Carolina
Fast loan approvals
Hard money loans from 14th Street Capital are authorized in a matter of days to weeks, as opposed to conventional lenders, who can take several months to generate the loan. We comprehend that time is of the essence, and we work hard to ensure that you do not even miss out on good deals in South Carolina's competitive real estate market.
Flexible lending
Whether you're a novice or a seasoned investor, When it comes to investing in South Carolina's real estate markets, our flexible lending requirements work best in the borrower's favor. You can get a hard money loan regardless of your credit or work history.
Local expertise
At 14th Street Capital, we have direct experience investing in South Carolina real estate markets. As a result, our team is indeed the expertise bank you'll require to be successful in your enterprise.
In-house underwriting
At 14th Street Capital, we lend our own money, allowing us to have a more flexible in-house underwriting procedure. This enables investors in South Carolina's real estate markets to receive funds more quickly.
Borrower-centric process
Private hard money lenders recognise that each real estate investment is distinct and requires different financing. On a case-by-case basis, the loan offering must also be customized. Hard money loans offer customization based on the borrower's needs, rather than a one-size-fits-all approach.
Competitive rates
It's no secret that hard money loans have higher interest rates than traditional bank and other lenders' loans. That does not, however, imply that you must burn a hole in your pockets. We offer competitive interest rates and origination points at 14th Street Capital so that you can get the most out of your South Carolina real estate investments.
South Carolina
The Local Advantage
We are more than just hard money lenders at 14th Street Capital since we have vast experience investing in the South Carolina real estate market.
You may be confident that every lender in 14th Street Capital’s network of hard money lenders in South Carolina has been thoroughly vetted. Because 14th Street Capital has built such a large network of lenders providing hard money loans for the South Carolina real estate market, we are in a position to get you the right lender who is armed with the expertise for the area of the state you’re looking to invest in and the specific property type that you’re interested in purchasing.
Another reason 14th Street Capital is the ideal place to locate hard money lenders in South Carolina is that we only add new lenders to our network after thoroughly evaluating their history, financial status, lending procedures, leadership team, and a variety of other factors. Only businesses who satisfied our requirements were approved into the 14th Street Capital network of South Carolina hard money lenders.
South Carolina is a promising property investment market, and if you’re looking for hard money loans in South Carolina, the 14th Street Capital may be the quickest and most efficient way to do so, as it connects you with our extensive network of hard money lenders in the state.
Hard Money Lending Areas We Cover In South Carolina
- Greenville
- Columbia
- Charleston
- Spartanburg
- Fort Mill
Wide Range of Hard Money Loan Offerings for South Carolina Real Estate Investors
For investors looking to buy a fixer-upper in South Carolina to renovate and resell. There are also hard money refinance loans available.
Long-term rental loans are available for reasonably stable rental properties. Ideal for investors looking to buy a rental property. Designed for long-term property investors who buy and hold rental properties.
Landlord loans are for property owners who want to supplement their income by renting out their properties.
FAQs For Choosing A Hard Money Lender In South Carolina
1. Who is eligible to apply for a 14th Street Capital hard money loan?
14th Street Capital can assist you whether you are a novice or seasoned real estate investor looking for quick financing for your investments in South Carolina's real estate markets.
3. How does one apply for a 14th Street Capital hard money loan?
Our loan application process is straightforward. Once you complete the application form, our in-house underwriters will evaluate the property appraisal, and our staff will contact you to discuss the loan offer. Because each real estate investment is unique, we use a tailored approach for each borrower.
5. Why Should You Use South Carolina Hard Money Lenders?
Hard money loans for South Carolina projects may be an ideal source of funding for investors looking for short-term funds to invest in South Carolina real estate, such as fixing and flipping houses. This is due to the fact that, unlike their traditional mortgage-industry competitors, these lenders can make financing decisions and obtain necessary funds. As a result, we believe that South Carolina hard money lenders are the most cost-effective option for obtaining fix and flip, purchase to rent, refinance, bridge, fix to rent, and commercial investment real estate financing.
7. Where does 14th Street Capital lend in South Carolina?
14th Street Capital provides financing in all major real estate markets in South Carolina.
9. Which documents should I include with my application?
The amount of documentation needed to obtain a hard money loan from 14th Street Capital is minimal. Because the loan offer is based on the property valuation, the papers referring to the property appraisal, as well as your plan for capitalizing on your investment, are all that is required.
2. Who is eligible for a hard money loan from 14th Street Capital?
14th Street Capital provides hard money loans to novice and experienced real estate investors in need of quick funding while investing in South Carolina's real estate markets, regardless of their credit history.
4. What are South Carolina real estate hard money loans?
Property hard money loans in South Carolina are asset-backed, short-term real estate financing loans. Let's take a closer look at what each of these terms means. When we say short-term hard money loans in South Carolina, we mean that, unlike traditional loans, which are typically designed for repayment over 15 or 30 years, hard money lenders for South Carolina property investment are much more flexible and will typically offer funds for a few months to a few years. When we say asset-backed, we're talking about loans that are backed by real estate. Because hard money lenders in South Carolina use the assets as collateral to protect their loan as part of their credit decision, they will frequently only lend up to a certain percentage of the property's value - usually no more than 75%.
6. What is the maximum LTV that can be used to qualify?
14th Street Capital offers a loan to value ratio of 60-70 percent of the property value.
8. How quickly can I close with a hard money loan?
A self-funded hard money lender in South Carolina has a very quick loan closing process. Loan approvals are typically granted within a few days, with funds transferred a week later. A 14th Street Capital hard money loan typically takes 7-10 days to close.
10. What is the interest rate on 14th Street Capital's hard money loans?
The interest rates for hard money loans are custom-made for each borrower. Our rates, on the other hand, are among the most competitive among South Carolina hard money lenders.