Borrowers

Private Money Real Estate Loans

If you’ve ever gone through the traditional loan process, you know how even the smallest hiccup can delay your funding—sometimes indefinitely. Unusual circumstances often stall projects or purchases, and that’s exactly where Hopkins Financial Services, Inc. comes in. We’re a non-conforming, private money mortgage broker built to assist borrowers who have real estate equity but don’t meet the strict requirements of conventional lenders. This kind of financing is often called “hard money,” “equity loans,” or “asset-based” lending.

When is it time to call Hopkins?

Your credit is scratched, dented, or smashed, including a short sale or bankruptcy.

You have recently moved to Idaho from out-of-state.

Bank terms are not flexible.

You need to close quickly.

You need a gap or bridge loan.

You need to sell or borrow against a real estate note.

You need financing for a real estate joint venture opportunity or any other non-conforming real estate need.

What makes a loan non-conforming?

The Borrower
If you have even the slightest credit glitch, many banks cannot work with you. Hopkins Financial Services can work with all credit grade borrowers, even if you had a past bankruptcy, short sale or foreclosure.
The Property
Not all properties meet the lending criteria of conventional lenders. For example, you may have a house on a large acreage parcel or a house on land zoned commercial, Hopkins Financial Services may be able to help.
The Time Frame
Sometimes the conventional loan process can take many weeks to months. We understand that sometimes time is of the essence and you need to close more quickly than a conventional source can assist. Depending on the type of loan we can close your loan in a week. However, in unusual situations, we may even be able to close your loan in a matter of days.