For buyers or investors that purchase and renovate distressed property, JPM Financials offers clients various programs to leverage their capital or current real estate holdings.

When a bank or lender repossesses a property, it generally wants to unload it fast to recoup its financial expenditure. It will make every attempt to sell it on the open market as expediently and expeditiously as possible, first at auction, and if there is no buyer, then to the general public.

We can often provide you same-day prequalification on a hard money loan for distressed property. Please complete our Loan Interest Short Form to get started on a hard money loan for a distressed property.

A distressed property is often outdated or in poor physical condition due to the owner’s precarious financial situation and inability to provide ongoing maintenance on the property. When deciding on a distressed property to bid or make an offer on, you should try to inspect the property as thoroughly as possible and, ideally, bring a trusted building contractor to get an estimate of repair costs. Knowledge of the property and awareness of the total costs will factor in greatly when determining your bid or offer.That knowledge will also guide non-auction purchases by providing measures for negotiating the purchase price.

Please review a sampling of Deals Funded on distressed property to see our past performance.