In this video, hard money lender and house flipping expert Beau Eckstein talks about hard money entitlement loans.
What is an entitlement loan and what are they used for?
Hard money entitlement loans are loans used to get fully-approved plans. In essence, entitlement loans give the real estate investor the funds needed in order to pay for the submission of construction plans to the city the land is in.
Entitlement loans can be thought of as “mini” construction loans insofar as to provide the funding for “soft costs” (plans and permits) but not the actual construction project.
Of course, Beau Eckstein's private money fund can help the prudent real estate investor with entitlement loans, fix and flip loans, and all other types of real estate loans.