Title: Ultimate Guide to Hard Money Loan
1Ultimate Guide to Hard Money Loan
2What is Hard Money Loan?
- A hard money loan is a type of loan that is
secured by real property. Hard money loans are
considered loans of "last resort" or short-term
bridge loans.
Source https//www.investopedia.com/terms/h/hard_
money_loan.asp
3Key Takeaways
- Hard money loans are primarily used for real
estate transactions and are money from an
individual or company and not a bank. - A hard money loan, usually taken out for a short
time, is a way to raise money quickly but at a
higher cost and lower LTV ratio. - Default by the borrower can still result in a
profitable transaction for the lender through
collecting the collateral
Source https//www.investopedia.com/terms/h/hard_
money_loan.asp
4Facts About Hard Money Loans
Hard money lenders are legitimate business owners.
The name simply indicates that the loan is
secured by a hard asset.
Hard money interest rates are high for a reason.
Borrowers can still profit using hard money loans.
Source https//montegra.com/2017/11/01/8-facts-mi
ght-not-know-hard-money-loans-lenders/
5Facts About Hard Money Loans
Hard money loans can work for longer
rehabilitation projects.
Even legitimate businesses use hard money loans.
Hard money is not 100 financing.
Hard money loans are good for more than just
house-flipping.
Source https//montegra.com/2017/11/01/8-facts-mi
ght-not-know-hard-money-loans-lenders/
6Interest Rate on Hard Money Loan
- The lenders interest rate for a hard money loan
is likely going to be between 8 and 18 percent of
the loans value.
Source https//socotracapital.com/how-do-hard-mon
ey-loan-interest-rates-compare-to-that-of-traditio
nal-loans/
7- Are you looking for a reliable commercial hard
money loan?
- Contact Private Capital Investors team, who will
guide you through the risks and benefits of
commercial bridge loans and help you find the
best solution for you.
Apply for Hard Money Loan