Private Money Loans in Washington, Idaho, and Western Montana

Private Money Lenders are looking for applicants with the ability and character to repay the loan, together with satisfactory real estate collateral to pledge as security. In consideration of underwriting your character and capacity, you get a lower rate of interest, lower closing costs and longer terms than hard money lenders offer. Brazington Mortgage originates Private Money Loans, which are similar to a Hard Money Loan.

A hard money loan is asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Brazington Mortgage, LLC has modified the hard money loan to include underwriting the applicants' income, credit, and collateral. Our lenders are not asset-only-based lenders. We like to call our investors, "PRIVATE MONEY LENDERS".

Typically, the maximum loan-to-value ratio is 60-65% but is often much lower. That is, if the property is worth $100,000, the lender would advance $60,000-65,000, or less, against it. Most often values are $300,000 to $500,000, which results in much higher loan amounts with loan to value ratios of 50% to 65%.