hard money loans: Are Hard money Lenders really hard on borrowers or are they less Difficult to deal with? - 10/09/08 02:01 AM
And they are also declining them!  So what's the point?  Getting a loan approval depends on meeting the lenders revised guidelines.  Private Money Lenders ARE Hard Money Lenders.  Today they even try to call themselves "situational" lenders.  It seems back in the day, the high interest rates normally associated with "private" money lenders led to the private money community being defined as hard..so why didn't we call good credit lower interest rate lenders "soft money lenders?  Perhaps this is a classic example of a business sector's failure to define itself before others did.  Hard money can actually do what other banks REFUSE … (0 comments)

 

Charles G. Hennebeul

Melville, NY

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AMERICAN CASH SOLUTIONS INC

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