Hard Money 101

Get The App Save $50.00 By Submitting On App Instead Of Website!!   A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%, because of the higher…

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3 Main Reasons Hard Money Lenders Say No

Get The App Save $50.00 By Downloading App Instead Of Submitting Through Website!! Reason 1. Your residential deal requires or you need long term financing. Typical residential deals are 90 – 180 days whereas some commercial, industrial and land can be 12 – 60 months. Reason 2. *Property value as is or upon rehab completion will not sustain the profit…

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