Black Friday and Cyber Monday Sales on Investment Financing Extended to Week-long Event
November 23, 2016 (PRLEAP.COM) Business NewsNovember 23, 2016 - Irving, Texas: Since its founding in 2008, Sherman Bridge Lending, a Dallas-based real estate brokerage firm, has been providing hard money loans for property investments. Now, the company is stepping up their resources with the announcement of a holiday "Cyber Week Special." The particular sale is a first for Sherman Bridge, and the company hopes the cyber week promotion will bring premium financing to borrowers in a big way.
"We are very excited to roll out our Cyber Week Promotion to real estate investors looking to finance their end of year projects," said Heather Harrington, V.P. of Marketing for Sherman Bridge. "We decided that instead of Black Friday or just Cyber Monday, we would roll out the promotion for the whole week so that way all of our customers can have a chance at this great deal."
Sherman Bridge Lending is a premium provider of hard money loans and works to provide state-of-the-art tools and resources to investors. Their Cyber Week Special is set to run November 28 through December 2, 2016. With such highlights as 50 percent off commitment fees and options for low rate, low-cost financing, the sale provides investors a shot at low rate loan products that promise even more benefits.
One of the spotlighted loans is the 80/20 Loan by Sherman Bridge. This is the most traditional form of financing and utilizes simple underwriting requirements to close quickly for investors, often within seven days or less. With funding such as the 80/20 Loan, the investor is allowed to control their property renovations without the frustration of delays due to draw requests or any additional costs associated with draw inspections. The program also offers a low fixed interest only rate, and, by leaving enough capital left over to fund another flip, is ideal for investors who use cash to finance their investments.
With the 80/20 Loan, investors will see the lowest total cost option. Also offered, the 90/10 Loan requires the least amount of cash due at signing with 90 percent of the purchase price and rehab being provided with twelve months interest only rates.
Sherman Bridge's specialty is financing the purchase and repair of a distressed investment property. While most banks decline this type of funding, borrowers can be pre-approved for a hard money loan in only 30-seconds, with full approval in only 30-minutes. Investors are also given flexibility toward their strategy and are given the opportunity to rent out their property with 30-years to repay their loan.