What is Hard Money? We define it as fast cash or quick money for
properties and projects that come from sources that are not
constrained by conventional underwriting guidelines or restraints
from the typical market rate lending state of affairs.
There are several reasons that a Borrower may seek Hard Money; a
property is difficult to finance such as raw land; Credit problems –
a poor credit history of the Borrower or the property; a Balloon
payment is due and conventional financing in not available to the
project; Lack of documentation or a property has been non-producing
and requires a turn-around operationally and financially – all of
which requires quick and ready cash for a solution. The minimum loan
should be in excess of $250,000.
Contact us today. Call 1-866-771-2712
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