Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

WHAT YOU NEED TO KNOW TO FIND A HARD MONEY LENDER
Hard money lenders are private investors who will lend money and use the property as collateral. Typically, these loans are approved for real estate investors.
Real estate investors are constantly looking for a great real estate investment. While they are searching for these investments they are also looking for financing. Real estate investors usually have more than one project going; and often they have multiple loans out. Where are they getting all this financing? Certainly not from a traditional lender. Banks and credit unions are not comfortable with a lender whom already has more than a couple of loans out at a time regardless of their credit score and income. Unless these investors have money on the side they must find financing to stay in business. Hard money lenders are typically where real estate investors go for financing. Hard money loans can be used to buy rental properties, fix and flips and commercial real estate.
Hard money loans are short-term loans—typically two to five years—that are secured 100% by the real estate. Instead of the loans being backed by the credit of the borrower they are backed by the value of the investment property. There are a few situations that having a hard ... more

__________________________________________________
Are you on The Rain? Grow Your Network!