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The term in the real estate industry "hard money" may conjure up your visions of crooked-nosed criminals who cut off the borrower's pinkie for not paying on a loan that is backed by hard money.
Mortgage Loans Los Angeles But uou san rest assured that it's not a thugs' paradise "hard money" moniker, the professionals aren't thugs.
In reality they provide a genuine niche within the housing market to provide easy, asset-based mortgages for home owners.
And theu loan money for massive real estate investment and for regular houses too.
What Is A Real Estate hard money lender?
There are many kinds that money lending.
To fully comprehend "what is a hard creditor," it's important to know what a loan is:
It's basically a temporary loan secured bu real property.
Returning to the question as to who or what money lender is it's synonymous with private investors.
A lender could be an individual, a set of investors or a licensed mortgage broker who has udzed their own funds. Thidz differs from a bank that udzedz funds to itdz depositors.
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