" I had my commitment letter back in less than 24 hours.."

Brian - Philadelphia, PA  

Fair, Fast, And Reliable Financing For Your Next Real Estate Project

Here’s the step-by-step way to use a hard money loan with Legacy Capital to extract value from your real estate investments.

Tap Into The Same Secret Strategy That Many Top Investors Rely On To Fund Their Deals And Scale Their Investing Business To The Next Level

If you’re a real estate investor facing the danger of missing out on a profitable real estate deal and you need more capital to make that happen, then a hard money loan from Legacy Capital can help you complete that deal and make money faster.

On this page, you’ll discover the simple step-by-step way to use a hard money loan for your deals so you can grow your business and achieve your investing goals faster.

Here’s Why Investors Love Our Hard Money Loan Products Over The Banks’ Loans

Review Our Hard Money Loan Products And Choose The One That’s Right For You

There’s a problem in the real estate investing industry: some hard money lenders have hard money loan products that are too difficult for an investor to qualify for, while other lenders lend to just about anybody without any real qualification (for very hefty fees and interest rates, of course).

At Legacy Capital, LLC, we are experienced real estate investors and we know the challenges you face daily. That’s why we’ve built hard money loan products that fit YOUR needs as a real estate investor.

Our Basic Hard Money Real Estate Loan works like this:

  • 1st Trust Deed lending only
  • Minimum loan amount = $40,000
  • 3 to 12 month terms
  • Interest only payments available
  • No pre-payment penalty
  • Financial condition – Down Payment, Construction/ Rehab Costs, Closing costs, and 3 months reserves required
  • Cross-Collateralization allowed

How To Qualify For A Hard Money Loan From Legacy Capital

Our hard money loan qualifications are straightforward and include APPLICANT/BORROWER requirements and REAL ESTATE requirements:

APPLICANT/BORROWER REQUIREMENTS

  • Applicant/borrower must be a validly existing US business entity (LLC, Corporations, Partnerships, Trusts, etc.) – No individual borrowers; Any exceptions must be approved by legal counsel or loan committee
  • Personal guarantor required (40% or more owners of entity are required to be personal guarantors)
  • US business entities with ownership by foreign nationals are permitted to borrow

REAL ESTATE REQUIREMENTS

  • Non-Owner Occupancy only
  • Property types – SFR, Duplexes, Triplexes, 4-plexes, Condos, Townhouses, MFH’s
  • Clear title required
  • 1 year of hazard insurance premium paid at closing (including flood insurance when applicable)
  • 3rd party independent appraisals ordered internally
  • Loan to Value cannot exceed the lessor of 60% or 80% of the purchase price
  • Lease agreements required on all subject properties that are rented
  • Licensed contractor bids required on all repair work needed
  • No seasoning requirements on refinances
  • Cross-collateralization – LTV’s remain the same when all properties are the same transaction type; multiple transaction types require LTV’s to be calculated separately for each property

Here’s An Overview Of The Simple Application Process

Simply fill out the form below to get the process started. One of our lending experts will contact you within 24 hours to follow-up. You do not have to visit our office and we do not require a site visit to assess your property – everything can be completed online.

To expedite the loan, ensure that your contact information is accurate.

Once your appraisal is back and you’re cleared to close, you’ll receive your loan within five business days, so you can get to work right away on your deal and accelerate your timeline to cash flow.


 

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Or, give us a call at 215.600.3419 today!