Wednesday, June 11, 2008
How fast can private money loans (hard money loans) close?
NextGEN Loans (aka Hard Money) can be closed in as quickly as 3 days, but more typically, you should figure on 10 days. (Keep in mind that it is only with a complete loan submission.) Remember a NextGEN hard money lender will want to take the time to build a relationship with you, so that you can do repeat business and get to know how you work together. Take the time to build this relationship with your NextGEN Lender and you will see the benefits, which can include faster turn around time.
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