2nd Position Hard Money Lenders

By Mridul Islam

A hard money lender is a type of private investor that provides short-term loans based on the value of a property. These loans often come with a higher interest rate than traditional bank financing and are often used in times when conventional lenders won't approve funding. For this reason, they are often referred to as “non-conventional” or “secondary” lenders.

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1. Hard Money Loan New York | Hard Money Lenders | RCD Capital
Hard Money Loan New York | Hard Money Lenders | RCD Capital2ND OR 3RD LIEN HARD MONEY LOAN ... RCD Capital offers Residential and Renovation Financing for New and Experienced Real Estate Investors who are seeking for ...

What types of properties can be used for a Hard Money Loan?

A Hard Money Loan may be suitable for any type of real estate such as single-family homes, multi-family units, commercial buildings, land and raw acreage, construction projects, and more.

What is the typical length or term of a Hard Money Loan?

The term of your loan will vary depending on the project but typically ranges from 6 months to 3 years.

How do hard money lenders prove that an applicant has sufficient income?

Most hard money lenders look at the applicant's credit report and tax returns in order to verify proof of income. They may also require additional documentation such as paystubs or bank statements.

Are there any upfront fees associated with a Hard Money Loan?

Yes, most hard money lenders will require some form of up-front fee before they approve your loan application. This typically includes an origination fee which covers the cost of processing your loan application and other administrative costs associated with the loan process.

When looking for private financing options to cover your business or real estate investment needs, consider working with a hard money lender who is experienced in non-conventional lending practices. With their quick turnarounds and creative solutions, these secondary investors can help you get the capital you need fast!

Mridul Islam

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