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Hard Money Business Loans in Gilroy California Hard money is money that is supplied by private lenders, as opposed to banks. It is called hard money because it is usually secured by a real asset, such as property. Hard money loans are often easier to get than bank loans, but they come at a big cost, and a big risk, to the borrower.
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Do Hard Money currently offers loans in 31 states.. At this time we do not lend directly in New York, so we cannot offer our 100% financing or bad credit house flipping loans on properties there. We can extend funding to residents of the state who are investing in one of our direct states though, check out the list of those state below.
Plainfield Illinois Hard Money Loans Hard money loans make the most sense for short term loans. Fix-and-flip investors are a good example of hard money users: they own a property just long enough to increase the value – they don’t live there forever. They’ll sell the property and repay the loan, often within a year or so.
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