Hard Money Lender List

Are you in desperation for money? If you are having a difficult time acquiring the money you need, a hard money lender can provide you with the financing you need and they don't even need a lot of income documentation in order to provide you with the loan. A hard money lender list will allow you to choose a lender that can provide you with this asset-based loan for the best rate possible.

The best hard money lenders will offer you a loan based on your corporate credit rating. If they find that you have been able to control your previous debts responsibly you will easily be able to acquire the loan faster. When browsing the hard money lender list, keep in mind that the shorter the loan, the better it is for you and for the lender as you will gain a lower interest rate.

Take a look at the time table you need for the money. Can you afford to repay the funds in 6 months? If so, you can easily expect to receive all the money up front when you close the deal with the lender.

Hard money lenders are not part of a local lender. They commonly deal with high interest rate loans, bankruptcies, and foreclosures, leaving you with limited options when seeking a loan. The hard money loans are going to have high interest rates, usually upwards of 15% or more. Depending upon your credit and the assets you use to secure the loan, you may end up with an interest rate of 25% or higher.

The property you are using to secure the hard money loan will play the biggest role in the financing opportunity. You won't be able to acquire 100% financing from a hard money lender as most of them only offer 60% or less in order to protect themselves.

Hard money lenders are usually private investors that use hedge funds or equity banks. You can seek out these lenders on your own or you can find them by walking into an investment firm. Look for people that have some deep pockets as they usually can afford to offer you all the financing you need and they will work with you to create fair loan terms. Working with a direct hard money lender can be tricky as most of them charge the high interest rate and they aren't usually open to offering you as much money.