hard money loans: How to Select a Hard Money Lender
- 05/05/21 04:49 AM
How to Select a Hard Money Lender Hard money loans (aka private money loans or bridge loans), are generally used by real estate investors who are unable to obtain financing from a traditional lending source such as a bank or credit union.
Most Hard money lenders are either individuals or private companies who are not highly concerned with a borrower's credit score or employment history, but rather the loan to value ratio of the underlying asset being used as collateral.
Usually, private money loans are for a short duration (6-60 months) and can be advantageous to borrowers since they can be funded in a … (0 comments)
How to Select a Hard Money Lender
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