In difficult times, "Private Money" may be the answer!
Equity financing or "Private Money", as it is sometimes called, is an asset based Real Estate loan. Equity in the property is the security for the financing rather than the credit worthiness of the borrower. In cases where the borrower has fallen victim to the difficult financial markets of today, this form of asset based lending has many positive applications which just may be the answer for you:
1. These loans are quick. Usually completed within two weeks.
2. They require minimum paperwork. Usually only an application,
appraisal and a quick credit report.
3. Qualification is streamlined because loans are based on the
"True Equity" contained with in the property, not credit or income.
4. These loans may solve your immediate need when no one else can.