Mortgage Blog

How To Use Hard Money Short Term Loans To Your Advantage

Hard Money loans are commercial real estate loans that are short term in nature for business and investment purposes.  One of the key advantages of these type of loans is quick access to non-qualifying financing.  This type of loan is ideal for a person or a company, such as an LLC, that wishes to buy a foreclosure at the courthouse steps as a short term investment. Many properties in this category need repairs and their condition would not qualify for traditional financing due to appraisal requirements.  It could also be a resale where the property needs work in order to resell...

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February 21st, 2018 | Hard Money Loan, Construction Loan, Commercial Real Estate, Investor Loans, Real Estate Investment Loans, How To Use Hard Money Short Term Loans To Your Advantage