PSG Lending is a leading hard money provider in Baltimore, MD. PSG Lending was formed by an expert team of mortgage banking professionals. They are private lenders and unlike traditional providers they don’t frequently change their rules. They function as a direct lender, providing loans using their own capital. They provide various types of real estate loans with non owner occupied property as collateral. They provide a wide array of loans depending on the property type. They personally look after the loan approval process. They don’t have a minimum FICO score criteria for loan approval.
They offer
Rehab/Renovation Loans
PSG Lending provides remodeling loans at reasonable interest rates. The loan term ranges from 6 to 12 months. They ensure timely payment of the approved amount.
Construction Loans:
They are providing both residential and commercial construction loans. Non- owner occupied real estate is required as collateral. Down payment rate ranges from 5 to 20% of the purchase amount.
Land Development and Sub Division Loans
PSG Lending provides loan for developing lands. Land development need not necessarily mean constructing buildings in the land. In this type of loan, the land is valued more than any construction over there. They also provide land sub division loans.
Short term Bridge Loans
If you intend to buy a new real estate, you can actually use your current residence as collateral for getting loan. This type of loan is called as a bridge loan. PSG Lending excels in providing short term bridge loans.
Property Types
PSG Lending provides loans for the following types of properties
• Single family (SFR)
• Multifamily [with 2 to 4 family members]
• Commercial properties
• Land
They generally take around 5 to 7 days for closing the loans
About PSG Lending
PSG Lending is a premier hard money provider in Baltimore. They are private lenders. They settle all the funds well on time. They make the loan application process as simple and easy for people. They personally undertake all the approval process and important loan decisions. To know further about the loans they provide visit http://psglending.com/loan-types/index.html