Hard Money Lender FL Astor What’s hard money loan? A hard money loan is a loan given to a borrower from a lender based mostly on the worth of the underlying collateralized asset. Where asset based lenders aka hard money lenders focus mainly on the worth of the asset used as security for the loan traditional banks and lenders focus chiefly on the credit and income of the borrower. Where traditional loans are normally for 15–20 year durations, hard money loans are used as a short-term option (1–3 years typically) as a bridge to acquire a rehab, or stabilize a commercial, retail, …

Hard Money Lender Jupiter Rental Rates starting at 3.50%  Hard Money Rates starting at 6.99%  Fix and Flip Rates starting at 6.99% Apply Now 954 320 0242  What is hard money loan? A hard money loan is a loan given to a borrower from a lender based mainly on the worth of the asset that is collateralized that is underlying. Traditional banks and lenders focus mainly on income and the credit of the borrower where asset based lenders aka hard money lenders focus mainly on the worth of the asset being used as collateral for the loan. Where conventional loans are …

Florida Hard Money Loan closed for $1,700,000 in 2021 through Capital Funding Financial (Pictured above). Hard Money Lender Florida 12 MONTH TERM | 6.99%+ | CLOSE IN 7 DAYS | 100K – 10 Million+ APPLY NOW  What is a hard money loan? A hard money loan is a loan provided by a lender based solely on the value of the underlying collateral. Where most Florida mortgage lenders base their lending decision on the income and credit worthiness of the borrower… a hard money lender does not! Additionally, hard money loans are usually described as bridge loans or asset based loans used to acquire property or …

At a glance, hard money loans and private money loans appear to be the same, but they are quite different. Hard money lenders are effectively brokers for short-terms loans, mostly on real estate. On the other hand, private lenders can be just about anyone who has money. A private loan is a relationship-based loan where the lender could be a private company or even a friend or family member.  Private lenders can be tough to find so that being said it takes time and energy to fund them and earn their trust. If you don’t have a track record, it …

Hard money is far from perfect. While it does seem simple, an asset secures the loan so everybody’s safe- hard money is only one option. It is expensive, so things have to work according to plan to materialize.  Hard money does work differently from loans you may have used in the past. Lenders typically use more conservative methods to value property than you typically would expect.  As hard money loans are expensive there are other methods that can be pursued. Expect to pay double-digit interest rates on hard money. But, don’t let that deter you from applying for your next …

In previous blogs we discussed what a hard money loan is, we discussed other types of loans, and we discussed what type of loan suits your needs. In today’s blog, we will be discussing why you would need or want to use a hard money loan.  Hard money is expensive, so why would you use it? Hard money has its place for certain borrowers who cannot get traditional funding when they need it. Let’s break it down more.  Speed: the lender is mostly focused on collateral so hard money loans can be closed quicker than traditional loans because they typically …