Your Premier Hard Money Lender
That Makes Hard Money Loans Easy

Testimonials

Michael B. - Virginia
Michael has built over one million ($1,000,000) in net worth with EDC with no money invested.
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Diane W. - Greenville, South Carolina
EDC - You have been terrific and this has been a wonderful experience. Over the last 25 years, we have worked with a lot of hard money lenders on projects (probably 10 or more on over 100 deals) because I know how to create good deals and it is just less paperwork. But, no company or loan processor I have worked with to-date compares to the professionalism and clear guidelines of your company. Please pass on this recommendation.

Craig G. - Philadelphia, Pennsylvania
Nick Jacovides (President & CEO of EDC) and the entire team at EDC were first class. In today's day-and-age, where there really is no more service in the service business, EDC re-writes the rules. There literally wasn't anyone I dealt with at EDC who didn't follow through on what they said they would do, and I felt like I was in good hands the entire time. I have had no problems either working with Nick and the EDC team and would refer them to anyone, and belive me, I am a very busy and demanding entrepreneur. I don't say things like this casually. Thanks EDC.

Patrick S. - Baltimore, Maryland
Nick - Thank you and your entire EDC Team for your assistance with funding our project in Baltimore, Maryland. Everyone at EDC was very professional and helpful through the project. In addition to underwriting the project financially, the experience of your EDC Team and their proactive counsel anytime we encountered an issue (and there are always a few - Scott, the EDC territory director, was great) was probably more important to me than the funds. A special thanks for referring me to Monarch Mortgage for our permanent financing. Especially in an environment where too many banks and mortgage companies are so perplexed that they can’t make good decisions and are unable to work for their clients as problem solvers, Monarch Mortgage and Clayton proved to be a breath of fresh air. The process was an interesting and enjoyable experience - one that I trust we will travel together many times over the next number of years.

Scott C. - Norfolk, Virginia
For every investor, new or seasoned, within ear shot of these words, listen up. "Hard Money" is a decieving phrase. What is harder is No money, limited money, or poor ROI (Return on Investment). I have been investing in real estate for 6 years, and have built a pretty impressive portfolio of buy and hold rentals, both single family and multi family units. My equity is good, and my cash flow is too, but I began a transition in my investing, where I began doing real estate full time, and turning my purchases directly into sales and spendable cash. This was a great plan, with my great credit score, and good cash reserves, until I quit my J.O.B., had to start using stated income loans, and had to pay for the purchase, rehab and carrying costs, all while growing quickly from 1 property a month to over 5 per month.

I had never used or really explored Hard Money Lenders, but being the resourceful type 'A' I am, I had to find a way to fund my deals, not let them pass by while I 'waited' for my other deals to close. Equity Development came onto my radar screen, and I researched them against others doing the same lending. I barely believed that I could have a lender pay for the purchase, rehab and have no payments for 6 months, so I was skeptical, as most probably are.

As I tell all investors, the numbers never lie. Here's an example of what I'm talking about:

42K purchase price
43K rehab
4K closing costs (initial loan)
135K After Repair Value Estimate

I literally spent no money out of my pocket upfront, had no payment during the rehab, and I priced it to sell quickly in this volatile market we're all in, and netted 24K after both realtor fees and paying the buyers closing costs. All in 3 months - Zero Down! Zero Carrying Costs! 24K Net Profit!

How many of those would you do if you could? The greatest part of this whole deal was Nick (the owner) and the rest of the EDC staff, truly taking the time to ensure I understood the process, and helping me with contractor-related processes and work in progress tracking. A lot of people in this investor business are not truly mentors, they are just collectors of dollars, nothing more, nothing less. That does not apply to the EDC staff. You become a business asscociate, and you get a partner in the process of your wealth building. It's not truly free money, but in the example I just gave you, it's the next closest thing. Pick up the phone or email EDC now! They know their business, and can help you grow yours, all while maximizing your ROI. Capitalism never sleeps, but Poverty snores.