Private lenders for real state investments.
We are specialist in foreign national buyers.
Lending solutions with expert services.
Our competitive interest rates help you grow.

Why Choose the Barcorp Financial Group Team?.

We specialize in real estate financing.
Over 20 Years in the mortgage loan industry.
Industry recognized high client satisfaction.
Fast and effective approval.
Easy and simple documentation.
Large Network of American and International Banks.

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Private Money Lending Basics.

The defining characteristic of private money lending is that the money for the loan is provided by an individual or a private organization. Often, the lender is a family member or friend of the borrower. When the private money lender is an organization, it is not a bank or other licensed lending organization.

Private money lending is not subject to the same regulations that govern other lenders, but the business is not completely unregulated. Private money lenders do have to follow state usury laws that limit the amount of interest that can be charged. They may also be limited in the number of loans they can make.

Interest rates on private money loans tend to be higher than loans from licensed lenders. From 15% to 20% is typical. However, in the case of a loan from a friend or relative, they may also be lower than market rates. Private money loan payments may be interest-only for the term of the loan, with a single large balloon payment at the end.

Qualifying for a private money loan is different from qualifying for a regular loan. The lender is likely to focus as much on whether a specific deal makes financial sense as on the credit history or score of the borrower.

Terms on private money loans are often short, just six to 12 months, but may also be payable over up to five years. They generally require a down payment and often are secured by the property. The lender will typically require a written plan describing how the money will be spent.

Private money lending is similar to hard money lending. They are both often used in real estate investing and involve getting financing from somewhere other than a bank. Hard money lending, however, is more similar to mainstream lending, such as from a bank and less like friends-and-family financing via private money loan. It may be harder to qualify for a hard money loan.

Check out what Barcorp Financial Group has to offer.

Private Real Estate Mortgages Loans.

Private lenders for real state investments.

Foreign National Mortgages Loans.

We are specialist in foreign national buyers.

Jumbo, Conforming & GOVT Mortgages Loans.

Lending solutions with expert services.

Commercial Property Mortgages Loans.

Our competitive interest rates help you grow.