What exactly is a hard money loan?

Hannah Patten Uncategorized Leave a Comment

In our previous blog posts we have discussed what a hard money loan is, the terms, and some pros and cons. Today we are going to dive deep into exactly what a Hard Money Loan is, the differences between a hard money loan and a bridge loan, and what it can do for you.  A hard money loan in short is a high-risk, high-yield financing option in which an investor secures the funds from a lender with real property. Typically you will only find hard money lenders in the U.S. and Canada.  Similar to bridge loans, hard money loans are …

Pros & Cons of a Hard Money Loan

Hannah Patten Uncategorized Leave a Comment

In our last blog post, we discussed what exactly a hard money loan is and how it works. Today we will discuss the pros and cons of a hard money loan. When it comes to choosing a loan you should always do your in-depth research but our team has developed an awesome list of pros and cons if you are considering a hard money loan. So let’s jump right in: Cons: To start, hard money loans aren’t a perfect solution- we will be the first to say that because there are two major drawbacks:  Hard money loans are convenient but …