The Advantages Of Asset Based Lending

And Benefits To Hard Money Loans

Learn More About Our Services In Your Area With These Helpful Links

Why Investors Need Asset Based Lending

The real estate investor’s need for access to capital to purchase, repair, upgrade, or build new commercial property is very real, however. This is where asset-based lending comes in. Rather than basing credit decisions on intrusive credit reviews, minimum credit scores, or other personal information, lending is based on the value of the property being purchased or refinanced. An estimate of the value of the property is used to determine the amount of money that can be borrowed. In asset-based lending, the property is the collateral securing the loan, not the borrower’s credit score.

Our Lending Process Is Fast For Real Estate Loans

Here at MJ Global Investments LLC, we make a value determination, and then make all lending decisions. The short application process makes this much faster than a typical mortgage loan. Often loaning up to eighty-percent of the value of a property,