Hard money loans are often used by commercial real estate property owners to quickly acquire the capital needed to purchase, refinance or renovate a property. The investor can also even use the hard money loan as a bridge to secure more conventional financing or to later sell the property in order to pay off accumulated debt.
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Checking to read if hard money direct offer 100% financing to borrowers who need that type of funding to fund my fix n flip projects the many Single family housing units all have good returns on investments, please reply
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California Hard Money Direct makes first lien mortgage loans and second lien mortgage loans in California Only.
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Hard money loans is a kind of asset-based loan financing where a borrower gets money secured by real property. Usually, hard money loans are issued by private investors or companies. Because of the higher risks and shorter terms of the loan, interest rates are always higher than commercial or residential property loans.
Hard money lenders would consider lending to these people if they can be assured that, if the loan goes into default, they can sell the house, pay off the first mortgage and still earn a profit.
Hard Money Loans Ca Despite California voters’ approval last month of Proposition. For help buying real estate, some marijuana businesses have turned to so-called hard-money lenders – private lenders that offer.