Need a HARD MONEY LOAN and Have Bad Credit? Loan is 50% Value of Your Property in Salt Lake City, Utah For Sale

CREDIT - NOT AN ISSUE NO CREDIT RERPORT IS NEEDED IN MOST CASES
LOAN- IS BASED SOLELY ON THE ASSET (THE HOUSE Or PROPERTY) AND YOUR ABILITY TO PAY THE LOAN BACK (SOME TYPE OF INCOME) IS ALL THE BORROWER NEEDS
THE LOAN WILL BE BASED ON THE EQUITY OF THE PROPERTY -WHAT IS OWED AGAINST WHAT THE PROPERTY IS WORTH
AN EXAMPLE:
lets say you have a house that is worth $100,000 and you owe no mortgage, you own the house free and clear. a borrower in this case can get a loan for $50,000 or HALF OF THE VALUE OF THE PROPERTY
NOTE-the house does not have to be free and clear that is just an example;e THE LOAN SOME ONE CAN GET IS 50% OF THE VALUE OF THE PROPERTY
IF THE HOUSE HAS A LOAN ON IT THAT LOAN WILL BE PAID OFF BY MY LENDER SO HE CAN BE IN FIRST LIEN POSITION .
A BPO (BROKER PRICE OPINION) WILL HAVE TO GET DONE TO OBTAIN THE LOAN
RATE IS BASED ON VALUE HOWEVER IF A CLIENT HAS A CREDIT SCORE OF 680 OR HIGHER A LOWER RATE CAN BE OBTAINED
THANKS