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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.

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14y ago

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What are the benefits of a private hard money lender?

Private, hard money lenders can be a benefit in that they may be able to provide you a loan if you have credit so low that mainstream lenders won't take a risk on you.


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.


How can one learn more about a lender's credit source?

One can learn more about a lender's credit source from websites such as Buzzle, Private Mortgage Lending and Private Money Lenders UK. One can also learn about it from Private Loan Lender website and Yahoo website.


How do money and hard money different?

hard money is a term use for private lending


Can a private mortgage lender get pmi?

Of course. Lenders can set the terms of lending their money out.


How to select the best hard money lender in Florida?

Eat more fruits


need a hard money lender to fund prime real estate will share prifit half and half.?

Call your rich uncle or other family member. I don't think you'll find a private lender willing to help you. clerify your proposal. I am open minded.


How do you use hard money in a sentence?

The investor gave hard money to the farmers. Hard money is a type of loan given by private contractors.


What is a private loan lender?

A private loan lender is a lender that is acting on behalf of a privately owned organization or business, as opposed to a government regulated or non profit lender.


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