32 East LLC Real Estate Investments

An Earnest Money Deposit (EMD) is a sum of money that serves as a demonstration of the buyer’s commitment to a real estate transaction. It is typically submitted along with an offer to purchase a property and is held in escrow until the deal closes. At 32 East LLC Real Estate Investments, we use EMDs to secure our clients’ positions in real estate transactions, providing assurance to sellers and helping our clients compete in the market. Should the deal proceed as planned, the EMD is applied towards the purchase price or closing costs.

At 32 East LLC Real Estate Investments, we understand the importance of speed in the real estate market. We strive to process and approve applications as quickly as possible, often within a matter of days. Once approved, funding can typically be disbursed within 2-3 weeks for most loan products, ensuring our clients can seize opportunities and move forward with their real estate ventures without unnecessary delays.

Private money lending offers several advantages for real estate investors compared to traditional bank financing. With private money lending from 32 East LLC Real Estate Investments, investors can benefit from faster approval times, more flexible terms, and streamlined processes. Additionally, private money lenders are often more willing to finance properties that may not meet the strict criteria of traditional banks, providing investors with access to opportunities that might otherwise be out of reach.

Hard money lending differs from traditional bank loans primarily in terms of speed, flexibility, and eligibility criteria. While traditional bank loans typically involve a lengthy application process and strict qualification requirements, hard money lending from 32 East LLC Real Estate Investments offers faster approval times, more flexible terms, and greater consideration of the property’s potential value rather than the borrower’s credit history or financial standing.