People are often confused when they ask for hard money loans. If you have questions please post them and I will do my best to answer.
Hard Money
We Provide Hard Money Financing for Commercial, Non-owner Occupied Properties and some Residential Properties!
What is Hard Money:
A hard money loan is a specific type of financing in which a borrower receives funds based on the value of a specific 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 not yet qualifying for traditional financing. Whereas hard money often refers to not only an asset-based loan with a high interest rate, but can signify a distressed financial situation such as arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring.
Commercial Mortgage, Commercial Purchase Loan, Commercial Refinance Loan, Residential Mortgage, Residential Purchase Loan, Residential Refinance Loan, Commercial Mortgage Lending, Commercial Purchase Lending, Commercial Refinance Lending, Residential Mortgage Lending, Residential Purchase Lending, Residential Refinance Lending, Hard Money Lending, Private Money Lending, Asset Based Lending, Equity Lending, Collateral Based Lending
Located in:
Minneapolis, Minnesota
Brokering loans in all states all types
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