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Rehab lending – usually a mortgage loan for an investor to renovate a property in order to resell or rent the home Hard Money Lending – private loans to customers whose use for the money falls outside of loans that traditional lending sources consider Flipping – when an investor purchases in property with the intent to resell it in a short period of time for a profit.
Hard Money Loans – loans from private lenders which weigh much less criteria than traditional lenders, typically only loan to value and/or credit score. Private Lender – an individual or corporation making and servicing loans using their own criteria. Private Funding – obtaining money from individuals rather than traditional lenders Bridge Loan Lender – short term lender of funds who allows one to enter one project with equity from a another. LTV - size of a loan, relative to the value of a property – usually stated in percentage terms (loan to value).
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3948 Monroeville Boulevard |
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Monroeville, PA 15146 |
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Phone: 412-357-4700 Fax: 412-229-1406 |
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www.idealpa.com |
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