HARD MONEY LENDING

WCS's Hard Money Lending Division specializes in lending to borrowers who do not qualify for conventional financing and who need to close on a property faster than tradition means would allow.

Hard Money loans or equity loans as they are sometimes called refer to non-conventional real estate loans which are funded by private money sources rather than banks, pension funds or other traditional channels. Interest rates and points on such loans are higher than conventional banks but are cheaper than taking on a partner.

Terms usually range from 3 to 24 months with fees from 2-5 points. Hard Money loans typically have substantial equity in the property, which in turn provides the lender a reason to invest their funds in an otherwise risky venture.

Mr. Spagnuolo has been lending Hard Money for over 14-Years and is happy to discuss Hard Money projects on an individual bases.