Private Money Lending
Access The Nation's Best Residential Private Money Lender
(For Non-Owner Occupied Investment Properties)
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Toolbox Funding Powered by Cogo Capital
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Private Money Lending Criteria
The first part of every successful fix and flip is finding the right real estate property. That’s why Cogo created this easy, 5-point guide to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
At Cogo Capital they're only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. Therefore their criteria is centered around these 5 points:
At Cogo Capital they're only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. Therefore their criteria is centered around these 5 points:
*Higher credit scores (680+), and down payment (20% or more) trumps 3,4 and 5.
States Cogo Capital Lend Private Money
Orange States — Cogo Capital® residential loans available. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance Lenders License 60DBO-101344. Loans are also available in California through Cogo Capital Orange County, Inc. – California DRE License #01928542; NMLS #1051036.
Red States — Referral Only.
Blue States — Loans through Secured Investment High Yield Fund II, LLC.
Red States — Referral Only.
Blue States — Loans through Secured Investment High Yield Fund II, LLC.
Loans are for non-owner occupied investment properties only, and must be made through a borrower entity.
WHY COGO CAPITAL IS THE BEST CHOICE FOR
HARD MONEY LOANS?
Cogo quickly analyses your deal to make sure it fits within their parameters and get you on your way. They don’t want you to do anything that would jeopardize your deals when you are flipping houses for profit.
It’s your numbers and exit strategies that must make sense in order for them to provide financing.
They offer a full service Private Hard Money platform that will help you through your entire deal from application to closing. You don’t have to make any awkward phone calls to strangers for funds or worry about drafting documents, the HUD 1 statement, or pulling title.
Whether you need fix and flip loans, a rehab ARV loan, or a cash-out refinance, Cogo Capital is the answer you’ve been looking for!
It’s your numbers and exit strategies that must make sense in order for them to provide financing.
They offer a full service Private Hard Money platform that will help you through your entire deal from application to closing. You don’t have to make any awkward phone calls to strangers for funds or worry about drafting documents, the HUD 1 statement, or pulling title.
Whether you need fix and flip loans, a rehab ARV loan, or a cash-out refinance, Cogo Capital is the answer you’ve been looking for!
Benefits of Private Money Loans
When you find yourself in a need of funding for a business venture or an investment especially in real estate, a loan like this will be just what you need. Here are some benefits of private real estate loans v.s. a traditional mortgage loans.
- Fast Funding – If everything goes by plan, private money loan can take a few days to get funded as oppose to a traditional loan can take weeks or even months.
- Flexible Terms – Working with your loan officer on the terms that work for you allows more flexibility to design the loan that serves your situation best.
- Less Paperwork – Because the loan will secured by an asset rather than the borrower, less paper work and documentation is needed to process the loan.
- Get Better Deals – Being able to bring fast cash to the table allows for better negotiations and get better deals.
- Borrow More Money – Private money lenders can lend up to 100% of the purchase price with no money from your pocket.
- Easy Loans For Fix & Flip – Unlike traditional mortgage loans, private mortgage lenders love funding Fix & Flip investments.
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Get Started On Your Private Money Funding
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Private Money Lending FAQ's
WHAT IS HARD MONEY?
It goes by a lot of different terms. You’ve probably heard it referred to as, “Private Money,” “Equity-Based Financing,” “Bridge Financing,” or “Creative Financing,” and for the most part, they all mean the same thing.
It’s non-traditional financing that relies on the property’s merits, rather than your personal qualifications. These types of loans are often secured by a note and deed of trust in first lien position on the property.
This means, if you have a great deal, you can find the money to do the deal and Cogo Capital wants to be your funding source!
It goes by a lot of different terms. You’ve probably heard it referred to as, “Private Money,” “Equity-Based Financing,” “Bridge Financing,” or “Creative Financing,” and for the most part, they all mean the same thing.
It’s non-traditional financing that relies on the property’s merits, rather than your personal qualifications. These types of loans are often secured by a note and deed of trust in first lien position on the property.
This means, if you have a great deal, you can find the money to do the deal and Cogo Capital wants to be your funding source!
WHO USES HARD MONEY?
There is this misunderstanding that the only people who use hard money (or OPM) are the people who have bad credit, bankruptcies, short sales, and foreclosures on their record and can’t get access to cash any other way.
While this is true in some circumstances, many very successful real estate entrepreneurs use hard money each and every time they buy a property.
Why would real estate investors with liquid and sizable cash reserves on hand still prefer to use OPM (Hard Money Loans) every day of the week?
Why would heavy-hitters, with gobs of personal cash, regularly use OPM?
Habitual, hard-core Deal Makers understand that if they leverage their own cash reserves, they simply tie up their own money for 6-12 months. This makes it impossible to buy more properties based on the amount of money in their bank accounts, which serves as proof that they can service loans on varying cash-flowing properties.
By leveraging OPM, they keep their own money liquid, which means they can do more deals, more often!
There is this misunderstanding that the only people who use hard money (or OPM) are the people who have bad credit, bankruptcies, short sales, and foreclosures on their record and can’t get access to cash any other way.
While this is true in some circumstances, many very successful real estate entrepreneurs use hard money each and every time they buy a property.
Why would real estate investors with liquid and sizable cash reserves on hand still prefer to use OPM (Hard Money Loans) every day of the week?
Why would heavy-hitters, with gobs of personal cash, regularly use OPM?
Habitual, hard-core Deal Makers understand that if they leverage their own cash reserves, they simply tie up their own money for 6-12 months. This makes it impossible to buy more properties based on the amount of money in their bank accounts, which serves as proof that they can service loans on varying cash-flowing properties.
By leveraging OPM, they keep their own money liquid, which means they can do more deals, more often!
FIRST STEP TO GETTING HARD MONEY?
The biggest blunder any investor can make in real estate is to shop too early for money, yet this is the most common mistake we see investors making in real estate.
The rule of thumb is: it’s much easier to shop for cash when you have a deal in hand and under contract.
Why? Because as long as that property is not under contract, it’s up for grabs by anyone and everyone and no lender will spend time and resources on a property that can be snatched out from under the borrower at any moment’s notice.
Putting the house under contract is an easy enough, 4-Step process.
Once these 4 Steps are completed, you have a fully executed Purchase and Sale Agreement, the property is under contract, and you are ready to shop for cash. If you’re ready to shop for cash, then make sure you fill out this easy Cogo Capital Application.
The biggest blunder any investor can make in real estate is to shop too early for money, yet this is the most common mistake we see investors making in real estate.
The rule of thumb is: it’s much easier to shop for cash when you have a deal in hand and under contract.
Why? Because as long as that property is not under contract, it’s up for grabs by anyone and everyone and no lender will spend time and resources on a property that can be snatched out from under the borrower at any moment’s notice.
Putting the house under contract is an easy enough, 4-Step process.
- Step 1: Prospect and Review Potential Properties
- Step 2: Write Offers
- Step 3: Get Offer Accepted by Seller
- Step 4: Put Earnest Money in Escrow to complete the contract
Once these 4 Steps are completed, you have a fully executed Purchase and Sale Agreement, the property is under contract, and you are ready to shop for cash. If you’re ready to shop for cash, then make sure you fill out this easy Cogo Capital Application.
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How would you like to become a Private Money Broker?
If you'd like to become a part of the Private Money Industry and have the ability to offer funding to real estate investors then check out the
Capital Syndicate Program Review.
Being a private money broker is an unbelievable way to meet investors, make tons of money and even fund your own fix and flip deals!!!
Capital Syndicate Program Review.
Being a private money broker is an unbelievable way to meet investors, make tons of money and even fund your own fix and flip deals!!!
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* Not available where prohibited by law, or in states where Cogo Capital does not trade. Loans are available only on non-owner occupied real property. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance Lenders License 60DBO-101344. Loans are also available in California through Cogo Capital Orange County, Inc. – California DRE License #01928542; NMLS #1051036. Please click here for the Secured Investment Corp NMLS Consumer Access Page. © 2020 Cogo Capital • All Rights Reserved • Privacy Policy • Terms Of Us
Private Money Funding is provided by Cogo Capital and are not a product of The Wholesalers Toolbox.
For more information about our affiliate relationships please read our affiliate disclosure
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