Hard money loans, sometimes referred to as bridge loans, are short-term lending instruments that real estate investors can use to finance an investment project.This type of loan is often a tool.
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Hard money loans, also referred to as rehab loans, have lower qualifications for approval, helping fix-and-flip investors receive approval and funding in as little as 15 days. hard money lenders are more focused on the property and its potential value than the borrower’s background.
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Hard money loans, also known as private loans, rehab loans, bridge loans, private money loans and construction loans, are a form of financing available to purchase and repair a distressed investment property for the purpose of fix and flip or fix and rent.
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Hard money is simply a business tool designed to help lend money for your real estate investments, (usually a fix and flip deal), though locating hard money lenders (aka private money lenders) can.
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Private money sources allow for faster and more flexible funding options than traditional means of capital such as banks, credit unions and other institutional lenders. north coast financial is an asset-based hard money lender and primarily focuses on the value of the real estate being used as collateral and the down payment or equity of the.