First and foremost when you borrow money, you want to be sure you are applying with a large international organization you can trust. At IMF, we have been providing domestic and business owners fair and equal access to financing worldwide. It seems these days that almost every financial website claims to be the biggest and best, but in our case it is a fact.
While we are proud of our 50 year growth, we work hard to maintain the entrepreneurial grassroots approach to financing that has led to our success. When you work with us, you will receive superior and accessible service from a highly trained financing expert. You will find us compassionate to your unique situation, but also willing to speak to you in realistic terms about your loan options. We will never tell you what you want to hear, just to get your business. In addition, unlike many other banks and finance companies, we are exclusively dedicated to your financing needs, which leads to higher approval rates and better overall customer satisfaction. At IMF, our business philosophy can be summed up by one simple question; why risk your valuable assets to borrow money if you don’t have to? When you allow us to help you, your loan request will have the best possible chance of being approved for the amount of money you need, and at rate and terms you can afford. It only takes a few days to pre-qualify. Get started now or call us for a no-obligation consultation.
We recommend that you apply with us if you fall into the categories below:
- I am seeking $500,000.00 to $500,000,000.00 for any personal or business reason.
- I have limited equity or do not want to risk my assets to borrow money.
- I have a responsible credit history.
- I prefer to borrow money as quickly and easily as possible.
- I want to be sure I am making the right decision.
- I prefer to apply with an organization that I can trust.
- IMF is the solution for borrowers and who are in financial distress. IMF represents hard money of individual investors, groups, corporations, insurance companies, and hedge fund managers who are able to offer financing based on equity or collateral from the borrower (or from our sources).
Hard money investors or lenders have a standard 65% Loan To Value (LTV). In some cases there are investors who can go up to 70-75% LTV. For hard money investors to go up to 80-90% LTV, they will demand to be on title to secure their investment. At 65% LTV, it is possible to submit a loan as stated income. Beyond 65% LTV will require full income and asset documentation. For borrowers who are going through financial hardship such as natural disasters, business loss, or other valid circumstance tht puts them in financial distress. IMF is willing to work with them as long as they show an ability to repay the loan or have an 'exit strategy' when the term is over.
Hard money is short term financing, usually within 1 year, although 2 to 7 year terms are also available. The purpose of obtaining a hard money loan is to provide immediate funds.
Equity Supplied (by our sources) Hard money, is the last recourse for borrowers if they can’t get regular bank financing. Hard money or private money loans are much higher in rates and points. The rate can range from 8.5, 11, 12, 13 up to 15% depending on loan to value and income documentation. Although hard money is non-FICO based which can go below 500 mid score, the credit history of the borrower can also affect the rate that they are getting. The high rates and points for hard money is an investment caution for hard money lenders or private investors. High risk borrowers present a potential headache to the investors when they default in payment. Going through the foreclosure proceedings, attorney fees and selling the property
turnaround time are factors that bring high liability to hard money lenders.
Secured Personal Loan: A secured personal loan is simply a loan that is secured against property (or supplied assets). Secured personal loans are suitable for when you are trying to raise a large amount, are having difficulty getting an unsecured personal loan, or have a poor credit history.
Lenders can be more flexible when it comes to secured personal loans, making a secured personal loan possible when you may have been turned down for an unsecured personal loan.
You can borrow any amount from $500,000.00 to $10,000,000.00 and repay it over any period from 1 to 25 years. Unsecured personal loans are invariably more expensive than secured loans, and the repayment periods.
