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A hard money loan is an asset-based loan that is secured via collateral. The borrower of said loan is given it based off the value of actual property, often real estate. Hard money loans mostly come from private investors, not banks or credit unions. As such, the focus for these lenders is the value of…
Read MoreIf you’re unfamiliar with gap funding for real estate then think of the phrase, “bridging the gap.” Gap funding lenders basically loan you bridges of money to get from the small loan that you have to the larger amount of money that you need. It is sometimes called gap financing and is considered second position…
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Hopefully you’re never in a situation where you need to work with a foreclosure bailout lender. But we all know things come up and circumstances beyond our control can lead us to where we don’t want to be. A foreclosure bailout loan is a mortgage loan that is created to prevent homeowners from their bank…
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Hard Money Loans for Real Estate What is a Hard Money Loan? A hard money loan is short term financing in exchange for real estate as collateral. Hard money lenders are the deep pockets real estate investors need. They typically lend to individuals or businesses. Hard money lenders are private investors, or a group of…
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To say it simply, a hard money lender is someone who funds a short-term loan in exchange for real estate as collateral. Hard money lenders in Minnesota typically lend to individuals or businesses. Hard money lenders are private investors, or a group of investors, and are not associated with a bank or credit union. Hard…
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