It is about access.
From the time you were in high school you understood that having access to the resources that you needed at the time that you needed it was the secret to success.
Even before you had a definite plan for where you would be going to college you watched as your father missed opportunity after opportunity because he did not have the resources that he needed when he needed them. You watched as the fathers of your friends capitalized on one financial opportunity after another while your father missed out. Without access to the quick cash and hard money loans that others accessed, your friends and their families were able to purchase houses to renovate and resale. They were ab
Hard money loans are a type of asset-based loan sometimes referred to as short-term bridge loans. Since they lean on the property of the borrower as opposed to his or her credit, these hard money loans are popular among house flippers and developers. They aren’t the only ones who can benefit from hard money loans, however. Read on to determine if a hard money loan is right for you.
How does a hard money loan work
Through a hard money loan, a private individual or group of individuals serves as a hard money lender. This lender will provide short-term financing based on the value of the property or assets you’re willing to provide as collateral. For house flippers and developers, this property is often the building or land they’re planning to develop and sell. Almost any type of property can be us