Private Money Lenders | Hard Money Loans in Shreveport, LA

Hard money loans operate by utilizing the equity of the real estate asset as collateral for the loan. We’ll assess the property’s current market worth and extend a loan amount based on a percentage of that value, typically between 60% and 80%.

These loans are typically short-term, ranging from a few months to a few years, depending on the borrower’s requirements and project timeline. Interest rates for hard money loans are typically higher than those for traditional loans, reflecting the increased risk—but we still offer competitive rates.

Upon approval, the borrower receives the funds, which can be utilized for various real estate purposes, including property acquisition, renovation, or refinancing.

Prepayment penalties for hard money loans vary among lenders and loan agreements. Some lenders may impose prepayment penalties, which are fees or penalties charged for repaying the loan before the agreed-upon term.

At Insula Capital Group, we offer flexible loan options with no prepayment penalties, allowing borrowers to repay their loans early without incurring additional charges.

Yes, hard money loans are a viable option for borrowers with less-than-ideal credit, especially when compared to traditional bank loans.

Hard money lenders prioritize the value of the collateral property, thereby diminishing the significance of credit history as a primary determining factor. While creditworthiness may still be considered, we emphasize the property’s potential and the borrower’s exit strategy.

Consequently, individuals with poor credit may still qualify for a hard money loan, provided that the property’s value and the borrower’s investment plan align with our overall criteria. This flexible approach enables borrowers to access financing opportunities that may be unavailable through conventional lending channels.