Investor Q&A: What Is hard money lending? 1. The Big-Picture Of Hard Money Lending. Hard money lending is another way an investor can finance their real estate projects, outside of the traditional mortgage means. This is a short-term loan secured from private investors or individuals, as opposed to other traditional institutions like banks or credit unions.
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Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks. In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates.
Hard money lenders are subject to federal and state laws, which bar them from lending to people who cannot repay the loan. By law, hard money lenders have to establish that a borrower has the.
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About the author: Avi Sinai is the principal of HM Capital, a Los Angeles company specializes in hard money real estate loan and private lending. To contact HM Capital you can call (530) 436-5630, or.
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The term "Hard Money Loan" as it is referred to in the real estate and or lending biz’ has a number of meanings stemming from it’s root "Hard Money" meaning cash money. Hard Money Loan begins with a general meaning related to loan for hard cash.
Hard money loans often refer to a possibly distressed financial situation, such as being in arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring. In the case of Great Stone Capital, investors are typically Real Estate Developers and investment property owners.
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STOP! And read this first. Hard money lenders can often fund deals quickly, and they can fund deals that traditional lenders would never approve. But, there’s a catch. It’s extremely expensive! Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs, there isn’t any profit left in the deal for you.