Frequently Asked Questions
WHY SHOULD I WORK WITH WEBB CAPITAL & CONSULTING?
Finding real estate financing on your own can be an exhaustive process. We provide consultative brokerage services to builders, developers, and investors in need of immediate financing. By taking advantage of our numerous relationships with several direct lending firms, you will save considerable time and effort. We have ability to provide an array of real estate financing options that will give you the best opportunity to secure the capital you need to quickly complete projects.
WHAT ARE THE BENEFITS OF USING HARD MONEY INSTEAD OF A TRADITIONAL LOAN?
This type of lending gets its name because its secured by using hard assets. Hard money loans are often used if an investor is having a difficult time getting approved for a conventional loan.
The approval process for a hard money loan is usually more streamlined than with a conventional loan because hard money lenders don't have to follow strict institutional lending guidelines, and because they look mainly to the collateral as security for repayment rather than the borrower alone.
The top benefits of using hard money for your real estate projects:
Loans can be approved quickly, and you could have access to the money in as little as seven business days.
The process of applying for a hard money loan is often much simpler and easier than for a traditional mortgage.
A loan officer from a private lender will work with you to find the best loan product for your project, often customizing it to fit your individual needs.
A hard money lender won’t scrutinize your personal finances as closely as a traditional lender. Instead, they are most interested in the value of the completed project.
WILL I GET A BETTER RATE IF I WORK WITH YOUR FIRM?
In most cases, yes. If you went straight to one lender, you’d be stuck with whatever interest rate or terms they offer. Utilizing our vast network of lending sources will result in a variety of rates and terms in which to choose from.
WHAT IF I WAS RECENTLY TURNED DOWN FOR FUNDING?
Sometimes obtaining capital depends strictly on sheer persistence. One of our strengths is that we will continue to help you secure capital, even if your initial sources didn't work out.