Cambridge Private Mortgage Financing
“Cambridge Private Mortgage Financing Available For A Wide Variety of Real Estate Applications”
Cambridge private mortgages can be secured on many different types of real estate property holdings including bare land, residential single family dwellings, and commercial buildings, and construction projects.
Most private mortgages are under $2,000,000 in total value with the majority being less than $500,000. Larger projects can be financed through Cambridge private mortgage sources, but there will likely be only a handful of lenders prepared to handle the larger financing exposure connected to these larger mortgage amounts.
Cambridge private mortgage financing is going to be more focused on the value of the real estate today and the lenders opinion of the resale or liquidation value of the property in the future. While most private lending applications are the result of some financial distress or higher leverage that will not allow a conventional mortgage to be secured, there are a growing number of residential and commercial applications that are based on a growth versus distress.
Private mortgage loans can be a valuable tool for getting mortgage financing in place quickly to facilitate closing a transaction, or to simply provide an almost immediate access to money for a number of different applications.
One of the main benefits of private mortgage financing is the ability to get a mortgage in place in a matter of two to five days provided that all the relevant information is in order. This speed to capital can easily offset the higher cost of financing if a profitable deal gets saved or some form of costs are avoided by funds being available by a certain time.
The key to locating and securing a Cambridge private mortgage in the time you have to work with, for the rates and terms you’re looking for, is to work with an experienced private mortgage broker that can help you quickly zero in on the most relevant lenders so that no time is wasted in the process. Most private lenders work through mortgage brokers so access to the available market is greatly increased through the broker network.
If you need a Cambridge private mortgage, I suggest that you give me a call so I can quickly assess your requirements and provide private mortgage financing options for your immediate consideration. If I can’t help you out, I’ll tell you right away so time is lost you search for property financing.
About the Author Joe Walsh
I'm a Toronto Mortgage Broker that arranges mortgage solutions on residential and commercial real estate property. With over 30 years of mortgage financing experience, I'm able to quickly assess your financing requirements and provide relevant solutions for your immediate consideration. Joe Walsh Google+ YouTube Channel