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Hard Money Loan Florida Palm Bay 32906
[money key=”0″] Hard Money Loan Florida Palm Bay What is hard money loan? A hard money loan is a loan given to your borrower from a lender based primarily on the value of the underlying asset that is collateralized. Traditional banks and lenders focus primarily on the credit and income of the borrower where asset based lenders aka hard money lenders focus primarily on the worth of the asset being used as security for the loan. Where traditional loans are usually for 15–20 year periods, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to …