Hard Money Loans / Private Money Loans

A hard money loan is asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate.

Brazington Mortgage, LLC has modified the hard money loan to include underwriting the applicants income, credit and collateral. Our lenders are not asset-only-based-lenders. We like to call our investors, "PRIVATE MONEY LENDERS".

Private Money Lenders are looking for applicants with the ability and character to repay the loan, together with satisfactory real estate collateral to pledge as security. In consideration of underwriting your character and capacity you get a lower rate of interest, lower closing costs and longer terms than hard money lenders offer.

Typically, the maximum loan to value ratio is 60-65% but is often much lower. That is, if the property is worth $100,000, the lender would advance $60,000-65,000, or less, against it. This low LTV provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property.

Call Stan Brazington 509-922-4560 or email stanbrazington@gmail.com and he will share our interest rate sheet with you.