A Step-by-Step Guide to the Hard Money Loan Process
2004-08-07
This step-by-step guide to hard money loans will help borrowers or new brokers who are unfamiliar with the hard money loan process become familiar and submit new loan packages to Avatar.
Ask Us Call Avatar Financial Group to discuss your loan request – 888 886 0097. Or, submit your loan application online and receive a response within 24 hours.
Send the Short Hard Money Loan Application and Photos
Submit your initial request for a hard money loan for our review. It is helpful to include color photographs in digital or 35 mm format of:
• the property • street scenes • the neighborhood
Pre-Packages can be sent in pdf or MS Word with photos in jpeg or gif format via email or overnight express
Fast Answers
Your hard money loan request will be reviewed and Avatar will send you an email or letter of expression of interest within 24 – 48 hours
Pay for Appraisal, Title Reports, etc.
Once you receive a letter of interest, sign it and submit a deposit for third-party costs, which include appraisals, title reports, etc.
Avatar gets to work, Fast
Avatar will order an appraisal, if necessary, and preliminary title report
Complete the Hard Money Loan Application Submit a complete hard money loan package – you can get the Commercial Loan Application on the Forms page of our website
Avatar Processes your Application
Avatar will review your completed hard money loan application and you will have a loan decision within approximately 3-7 days of the time we receive all your information
Avatar Funds
Your hard money loan will be funded in approximately 5-7 business days after your loan is approved.
Ask Us Call Avatar Financial Group to discuss your loan request – 888 886 0097. Or, submit your loan application online and receive a response within 24 hours.
Send the Short Hard Money Loan Application and Photos
Submit your initial request for a hard money loan for our review. It is helpful to include color photographs in digital or 35 mm format of:
• the property • street scenes • the neighborhood
Pre-Packages can be sent in pdf or MS Word with photos in jpeg or gif format via email or overnight express
Fast Answers
Your hard money loan request will be reviewed and Avatar will send you an email or letter of expression of interest within 24 – 48 hours
Pay for Appraisal, Title Reports, etc.
Once you receive a letter of interest, sign it and submit a deposit for third-party costs, which include appraisals, title reports, etc.
Avatar gets to work, Fast
Avatar will order an appraisal, if necessary, and preliminary title report
Complete the Hard Money Loan Application Submit a complete hard money loan package – you can get the Commercial Loan Application on the Forms page of our website
Avatar Processes your Application
Avatar will review your completed hard money loan application and you will have a loan decision within approximately 3-7 days of the time we receive all your information
Avatar Funds
Your hard money loan will be funded in approximately 5-7 business days after your loan is approved.
