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Hard Money Lender in Alabama

Veritas Buyers partners with local lenders to give you access to all the capital you need plus an experienced in-house team to ensure that your expectations are met every step of the way. Our team will work with you through quoting term sheets, property underwriting, property appraisal, loan closing, construction draws, and servicing through the life of the loan. Contact us today and discover the difference we make for Alabama real estate investors.
pile of american banknotes .A guide to: fix and flip loans for beginners

Why Choose Us?

Real estate investors need to move quickly to take down deals, but that doesn’t mean it’s wise to take the first financing you find. Some hard money lenders will take advantage of investors with outrageous fees or interest rates. Other hard money lenders in Alabama will make promises they can’t keep, leaving investors high and dry before they get to the closing table. Not Veritas Buyers.

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Your Hard Money Partner In Alabama

Veritas Buyers Hard Money Loans are designed for property investors that need quick access to capital at competitive interest rates. We offer fast financing to fix and flip investors in Alabama. On average, we can close deals in 10 days or less, meaning you’ll never miss out on an opportunity with our fix and flip loans. These 12-month interest-only bridge loans allow investors to acquire property and begin renovations with the most competitive rates on the market, including the industry’s only zero-point option.

person in a blue shirt ,counting a pile of 100 dollar bills,on a white table. A guide to: Fix and flip loans for beginners

What are hard money lenders? What is hard money lending?

Hard money lending is generally used in real estate. Hard money lending is a type of financing where lenders provide funding based on the property's value and not on the borrower's creditworthiness as a traditional bank would and uses a piece of collateral property instead of a credit score. This lending is mainly used for investment properties or properties that are in as-is condition and need repairs.

Hard money loans are taken from an individual or company and not a bank and are usually short-term loans. 

Common Questions You Might Have About Hard Money Lending in Alabama:

Here are some of the common questions that you may have about hard money lending in Alabama!

Is hard money lending legal?

Yes, hard money lending is legal in Alabama. But there are some regulations that need to be followed.

What are points in a hard money loan?

The fees that the lender charges are referred to as "points."  This is the origination fee. 

Each point is equal to a percent. For example, 2.5 points are 2.5%. This is a percentage of the loan amount.

What is the LTV in a hard money loan mean?

LTV stands for Loan to Value. This ratio determines how much we can give to the borrower.

As hard money loans are backed by a piece of property as collateral the equation is the total loan amount divided by the value of the collateral property.

What are the regulations or rules of hard money lending in Alabama?

- Alabama Code Title 8: In Alabama, parties may agree to any interest rate in loans with a principal of $2,000 or greater. 

- There is no interest rate limitation for loans with an original principal amount of at least $2,000 under Alabama law.

These are just some of the laws of hard money lending. This is not to be taken as legal advice.

How much do you give as a hard money loan?

Each case is different, and the amount that is given in a hard money loan is based on the LTV.
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