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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.
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∙ 14y ago
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Where can I find a hard money lender in the Seattle area?
This lender will do hard money loans in Seattle: http://www.dlendinggroup.com/
How does a hard money lender make his profits?
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.
Where can I find a hard money lender in florida?
You can find hard money lenders nationwide at www.dohardmoney.com.
What is a private hard money lender?
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.
Is the Hard Money lender the same as a Real Estate Lender?
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
Where can I find a hard money lender online?
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/
What do hard money lenders do?
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.
Find a Hard Money Lender?
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
What is the farmer and the money-lender were alike?
what is the farmer and money-lender were alike
When you owe money to another lender you are?
When you owe money to another lender, you are a _____.
When you owe money to another lender you are a?
When you owe money to another lender, you are a _____.
What does a hard money broker do?
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.
