Hard money financing offers a wide range of borrowers options that may otherwise not be available. With traditional lenders tightening their standards, and with many property owners in foreclosure or in danger of foreclosure, the hard money lenders are filling a niche. Additionally, in the declining market we are now experiencing, private money and hard money options can help with land acquisitions, commercial property financing needs and foreclosure bailouts.
 
 Traditionally, hard money has been much more expensive than institutional money.  In recent years, this money has been a stop of last resort for borrowers with major credit issues or for transactions far outside the box. In today's environment, however, we are finding that hard money is a solution even for very credit worthy borrowers.  Additionally, we are finding hard money with similar cash flow numbers, without the strict guidelines that traditional lenders typically adhere to. Typically these options are interest only, and they have become increasingly available without the long prepayment penalties that many institutional and sub prime lenders require.

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