Getting a loan approved is not easy for everyone. Your loan application may get rejected by traditional money lending institutions for various reasons. Sometimes, it’s low credit score, doubtful repayment history, and sometimes, it’s lack of employment or evidence to prove your credibility.
Does that mean you don’t have any other funding option? Well, there are several legitimate private money lenders who understand the struggles of finding a loan. They not only facilitate a smooth application process, but also offer 100% financing without minimum requirements, credit score, or repayment history check.
List of best private money lenders
If you are looking for legitimate and best private money lenders with 100% financing, here’s the list with important things that you need to know.
Peak Private Lending
Contact – support@peakpropertiesllc.com
Phone: 201-836-7300
Since its inception in 1998, Peak Private Lending has been a major source of private money lending for investors. They excel at structuring lending deals that get rejected by traditional institutions or hard money lenders.
They provide 100% funding to their clients and the best part is they don’t ask for anything that may be a possible reason for your loan application rejection. They do not ask for bank statements, credit score, recent payment stubs or tax returns, or monthly payments.
I Deal Capital Solutions
Contact – info@idealcapitalsolutions.com
Phone: 303-900-2647
I Deal Capital Solutions is known for personalized deals. They go through all possible touch points that impact your loan approval and personalize the loan terms for you. Based on experience, background, and investor profile, they offer 100% financing for real estate clients.
I Deal Capital Solutions operate in several states, including Ohio, New Jersey, New York, and more. However, the terms vary from state to state. Whether it’s Line of Credit, Flip, Rental, High end commercial, real estate, or refinancing, they will structure the best deals for your private loan.
Tidal Loans
Contact – info@tidalloans.com
Phone – 832-757-1262
Tidal Loans make real estate investments easy for people who couldn’t afford to take the step without worrying about high borrower scrutiny for loans. They provide 100% financing of the property, along with the purchase and rehab cost under 70% of the after repair value (APR).
Contrary to traditional money lenders, Tidal Loans do not set stringent terms like credit score, income stability, or down payment.
SD Equity Partners
Contact – (858) 275-6400
SD Equity Partners specialize in fix and flip loans. They make the lending process simple, fast, and easy. Without any monthly payment terms, you can get 100% purchase funding for your property.
They have designed their loan program in such a way that a borrower can get approval without any immediate down payment and pay off subs as required.
SD Equity Partners operate in Orange, San Diego, LA, Arizona, and Phoenix markets.
Secure investment, high ROI, support at every step, and best deals are essentials for SD Equity Partners to maintain a healthy relationship with their clients.
Final thoughts
Private money lending makes financing easier for those who cannot afford to apply for loans without income stability. Nevertheless, not all money lenders facilitate 100% financing without a proper background check. Hopefully, the list mentioned above is helpful when it comes to less requirements and 100% funding.