If you're having trouble securing a mortgage or commercial real estate loan, to purchase real estate in Fresno, Clovis or another area of California, a hard money loan (aka private money loan) may be the solution you need. Mid Valley Financial, a direct mortgage lender, specializes in providing private mortgages and we'd appreciate the opportunity to guide you through the process and secure the funds needed to close your real estate deal.

Pros of a Hard Money Loan:

• Faster Funding: Unlike traditional mortgages that can take several weeks to close, hard money loans can often be funded within a few days, making them a great option for time-sensitive deals.
• Flexibility: Hard money loans are often easier to qualify for than traditional mortgages, as they are based more on the value of the property than the borrower's credit score or income.
• Access to More Properties: Hard money loans can allow you to purchase distressed properties or those in need of repairs that might not qualify for traditional financing.

Cons of Hard Money Loans:

• Higher Interest Rates: Hard money loans typically come with higher interest rates than traditional mortgages, as the lender is taking on more risk.
• Shorter Repayment Terms: Hard money loans often have shorter repayment terms than traditional mortgages, meaning you may have to make larger monthly payments or face stiff penalties for late payments.

If you're ready to take the plunge into real estate investing and need help securing a hard money loan, contact Mid Valley Financial today. With nearly 40 years of experience in the Central Valley, our team has the expertise you need to make the most of your investment.