What Sets Apart EDC From Other Private Hard Money Lenders?
There are quite a few reasons EDC is different from other private hard money lenders. Let's discuss some of the differences and the benefits they offer to you, the real estate investor and rehabber.
Availability of Funding & Quick Closings
A huge advantage of using EDC is our quick loan turn around. If you are bidding on a foreclosure property, an estate sale, or any property from a motivated seller, your ability to move fast will often determine your ability to "steal" a property. Banks will normally take thirty to sixty days to close. This will rob you of a competitive edge. EDC can close within 7-10 days from receipt of your loan application. This is powerful when bidding at auction or making an offer on a property!
EDC Experience
The EDC team has expertise in investment property rehab and the dynamic world of mortgage financing that we are eager to share with our borrowers. Our advice and insight can make your rehab process that much smoother as you can avoid potential pitfalls that many investors can make.
EDC Resources
EDC has many financing resources available to you the investor to assist you with your refinance of your EDC loan to a permanent mortgage or for your first time home buyers. We have relationships with banks and other direct lenders that will be helpful in getting you or your buyers permanent financing in place to pay off your EDC loan.
Less Risk
EDC does not require that you make monthly interest payments during your six month loan term. Traditional banks will require you to bring a down payment to closing and also make interest payments every month. At EDC, we finance the interest payments for you, so that you as the investor to have extra cash on hand and focus your resources on getting your project completed and either sold or refinanced.
Consulting Experience – Real Estate Consulting
EDC has a team that will assist you in analyzing your deal before we even make the loan on the property. EDC will offer cost saving suggestions, construction suggestions, and just simply set the project in the right direction from the outset. Your EDC territory director and our corporate staff will always be here to bounce ideas off of and to answer questions that you might have about anything in regards to real estate investing.
Best Terms
True 100% Financing, No monthly interest payments, No application fees, No draw or inspection fees!
Locations and Coverage Areas
EDC services several markets from the East Coast to the Midwest. You can view a map of our coverage areas and get to know your EDC Territory Director by
clicking here.
To apply for a loan with EDC today, please complete our easy,
online loan application.
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Currently: Texas Florida Alabama Missouri Kansas Kentucky South Carolina North Carolina Pennsylvania Maryland Virginia Coming Soon in 2009: Oklahoma Nebraska Colorado Mississippi Arkansas Iowa Tennessee
TVM Funding Group represents many private equity firms, lenders, and investors nationwide.
We welcome any commercial or residential loan scenario nationwide.
www.TVMFunding.com
Niche Private Money Commercial and Residential Lending
& Hard Money and Rehab Loans for Real Estate Investors
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