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This lender will do hard money loans in Seattle: http://www.dlendinggroup.com/
A hard money lender provides a short term loan with a high interest rate and fees. Further a hard money lender will only lend if in an equity position.
You can find hard money lenders nationwide at www.dohardmoney.com.
A hard money lender loans money with real estate as collateral. The rates tend to be higher than a mortgage because the loans are usually made to people in serious financial trouble.
A Private hard money lender is what is considered to be a loan shark. This should be your very last resort in obtaining a loan. It is a very risky entitity to get involved with a loan shark.
No, banks can issue real estate loans and mortgages but Hard Money Lenders usually have higher interest rates. Hard Money Lending should always be a last resort given their higher interest rate and lower loan to value rates
I'm not sure if you're looking for a lender with an online application process or just a list of lenders. If it's a list, I'd look here: http://reiclub.com/hard-money-lenders.php or here http://moolahlist.com/
A hard money lender is the person who offers you money loan which is actually an asset-based loan financing. The process is usually about the borrower acquiring funds that are secured by real property.
form_title=Find a Hard Money Lender form_header=Use real estate as collateral for a short-term loan. What is the amount that you are seeking for a loan?=_ What type of property do you have?=_ Do you have any prior experience investing in distressed real estate assets?= () Yes () No
A hard money broker is usually a short term money lender. This broker will typically offer loans without the usual credit checks, although these are often at high interest rates.
johni:No.the loan is based on the lendees assets.
It's called a pawn shop.