Updated about 8 years ago on . Most recent reply
The Benefits of Hard Money Lending
Real estate investors who pay in cash, especially investors who wholesale or flip houses, understand the power of cash.
Since we are privately funded, we can respond quickly and efficiently to loan requests. Without a loan committee to delay the approval process, preliminary commitments are often issued within a day or two and closings in 5-7 buisness days.
At Sachem Lending, we do not require any fees upfront! We give every borrower the chance to capitalize on their real estate opportunities.
Most lenders require application fees, points, and non-refundable deposits upfront for their appraisal and due diligence. . These fees can run upwards of thousands of dollars and can deter a borrower from submitting a loan application.
Our Loans carry no prepayment penalty, terms to 3 years and construction funding to help complete your investment. We are currently financing in CT, RI, MA & NY.
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