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Navigating Hard Money Lender Ratios-Attleboro MA- Kensington Real Estate Brokerage
I have been recently studing with Hard Money Lenders, and have a complete understanding of the kind of property they are looking for. If you have the lender and are looking for the perfect property to fix and flip, I will find it for you! For those of you unfamiliar with hard money lenders or loans, let me define for you.
A Hard Money Loan is a loan in which real estate serves as the collateral asset. The hard money loan is usually from a private lender.
 A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money ... more

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