Private and Hard Money Lenders
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- Go to our Listings and create your FREE User Account.
- Then, you can Place Your Listing in our Money Available section.
Private and Hard Money Lenders
Private and hard money lenders can be the ideal source of funding for those hard-to-do-quickly loans.
Reasons why Hard Money Lending makes sense to you as a lender. There are many companies making hard money loans.
The benefits to you are:
- Quick closings. 7 days or less is usual.
- Less risk of losses from default as LTV usually 65% or less.
- Higher origination fees. 5-6 points is possible.
- Possible to fund “investor rehab” deals that banks won’t look at.
- Far less paperwork. Typically, appraisals, title insurance, hazard insurance and a credit report are all that is needed.
- Mortgage created can be advertised here and resold if necessary.
