
Private Capital Funding Group is the Hard Money Lending Division of New World Bank. Our Hard Money Lending focus is in Tucson and Phoenix Arizona. The primary counties we lend in are Pima and Maracopa Counties. We do rehab loans, foreclosure loans and bridge loans. We can lend hard money from $50,000 to $5,000,000. Most importantly we can can lend Hard money in Tucson and Phoenix fast with no personal qualifying.
Funding of hard money can take place in as little as 48 hours.
A hard money loan is a type of financing where a borrower receives funds based on the value of a specific parcel of real estate. Hard money refers to asset-based loans with a high interest rates, but can signify a distressed financial situation such as arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring.
Hard Money Lenders look at the value of the property and not the purchase price. This can allow up to 100% financing if the borrower has acquired a property at wholesale. We could even finance beyond 100% unlike conventional loans that will only go with the purchase price or appraised value, whichever is less.
Steve Pagac specializes in Tucson Hard Money Loans and has 36 years of experience in real estate and mortgage. He can provide fast answers on Hard Money Loans within less than 24 hours and can close in as little as 48. mobilizing quickly on a deal can be the most important element of a profitable transaction for the borrower.