When it comes to investment opportunities, Diverse Capital knows how important it is to
expedite the financing needed for your project. At Diverse Capital, we offer hard money loans
for most property types. Unlike the grueling process of bank mortgages which can take upwards
of forty-five days, Diverse Capital can approve your hard money loan and provide you with
funds in an average closing time of just 7-14 days, Diverse Capital is here to quickly assist you
every step of the way.
Given that our hard money loans are based on the value of an investment property
rather than the borrower’s credit, we can fund deals for borrowers who are unable to get
conventional financing due to a recent foreclosure, bad credit, or short sale. Even with
tarnished credit, a borrower can obtain a hard money loan using the value of the
investment property as collateral. This makes a hard money loan a great option for
anyone from beginner investors with a limited credit history to experienced investors
looking to free up liquidity and scale their business.
Diverse Capital funds hard money loans on single family, multi-family, mixed-use, and
commercial - investment properties.
The interest rates on an asset based hard money loan are usually higher than those of
conventional mortgages. Interest rates for hard money loans range anywhere from 8%-
12%, and Diverse Capitals’ competitive loan programs offer qualified investors some of
the best rates in the industry. Hard money lenders typically charge higher interest rates
due to the greater risk associated with these loans, and the incredible speed in which
they are able to process and fund transactions. Hard money loans are a very strong tool
for investors who need to move quickly. These short term (usually 12 months) loans are
the perfect opportunity to aid any investor in developing their success.