About Us
Fourth St. Capital is the partnered with Pehrson Real Estate. With over 17 years in Utah real estate, we know the best practices to help investors find residential, commercial, and mixed-use properties. We bring quick access to capital for buying, renovating, and refinancing properties.
Why Fourth St. Capital
Building a Quicker
Way to Financing
Quick Funding
Approval in only a few day and funding within a week of approval
Anyone Can Qualify
Get a hard money loan based on the value of the property
Big Returns
A short loan term will help you complete your project at get returns in no time
Expert Help
Get help from Pehrson Real Estate finding the perfect investment
Seamless Financing
Start Your Journey With Us
FAQ
What is hard money financing?
Hard money financing is a type of loan secured by real property. It is typically used by real estate investors for short-term funding needs, such as purchasing and renovating properties. Unlike traditional bank loans, hard money loans are based on the value of the property being used as collateral rather than the borrower’s creditworthiness. This allows for quicker approval and funding processes.
What types of properties can be financed with hard money loans?
Hard money loans can be used for various types of properties, including residential, commercial, and mixed-use properties. This includes single-family homes, multi-family units, retail spaces, and more. Hard money financing is ideal for real estate investors, property flippers, and developers who need quick access to capital for purchasing, renovating, or refinancing properties.
What are the typical terms and interest rates for hard money loans?
Hard money loans generally have higher interest rates compared to traditional loans, often ranging from 8% to 15%. Loan terms are usually short, ranging from 6 months to 3 years.
How quickly can I get approved for a hard money loan?
Approval for hard money loans is typically much faster than traditional loans, often within a few days. Funding can be available within a week or less after approval. Documentation requirements are usually minimal but typically include property details, purchase agreement, renovation plans, and a basic financial overview of the borrower.
Can I get a hard money loan if I have poor credit?
Yes, since hard money loans are primarily based on the value of the property, borrowers with poor credit can still qualify. However, the terms and interest rates may be less favorable. If you default on a hard money loan, the lender has the right to foreclose on the property used as collateral. It is crucial to have a clear repayment plan and contingency strategies to avoid defaulting.