This is the first in a series of posts about Hard Money Lenders. In this series, we will explore the question “what is a hard money lender” and we’ll explain in detail how they can help you and where you can find hard money lenders.
What Is A Hard Money Lender?
In real estate deals, money is considered to either be “soft” or “hard”. Typically soft money is easier to qualify for and the terms are flexible. Hard money, on the other hand, is much more restrictive.
It’s not that hard to obtain, but the terms are very specific and more strict. Usually hard money comes from private lenders with plenty of cash on hand. Hard money is sometimes referred to as “private money.”
The money used for investment purposes comes from regular people as opposed to a traditional bank. Hard money loans are usually reserved for people who can’t qualify or deals that cannot support more traditional types of lending. For this reason, hard money lenders typically want higher returns and have more stringent loan terms than the banks you are used to dealing with.
Here are a few hard money lenders you may want to check out:
1ST American Secured Capital
HML Loan Type Residential and Commercial
Lending Area Nationwide
Contact TJ
Address 300 West Grand Avenue, #300
City, State, Zip Escondido, California, 92025
Phone 760-802-9630
Fax 760-546-3001
Web Site www.AmericanSecuredCapital.com
Email TJ@300GNI.com
1st California Hard Money
HML Loan Type Residential and Commercial
Lending Area CA
Contact Mike Sanders
Address 4229 Ocean Blvd, Suite C
City, State, Zip San Diego, California, 92109
Phone 858-272-5444
Fax 858-272-6644
Web Site 1stcalhardmoney.com
Email cashquik@gmail.com
1st Equity Lending Corp.
HML Loan Type Residential and Commercial
Lending Area CA
Contact Joseph Perez
Address 1026 Marion Drive
City, State, Zip Glendale, California, 91205
Phone 818-553-3829
Fax 818-553-3656
Web Site www.betterloansandrealty.com
Email joseph.perez7185@sbcglobal.net
1st Hard Money Source
HML Loan Type Residential and Commercial
Lending Area CA
Contact Duke Jones
Address 398 Country Club Drive
City, State, Zip San Luis Obispo, California, 93401
Phone 805-547-9790
Fax 805-299-1841
Web Site www.hardmoneysourcing.com
Email dukehardmoney@charter.net
1st Quick Funding
HML Loan Type Residential and Commercial
Lending Area Nationwide
Contact Ray Shapiro
Address 222-15 Jamaica Avenue
City, State, Zip Queens Village, New York, 11428
Phone 516-204-7770
Fax 516-224-7425
Web Site www.1stquickfunding.com
Email admin@quickfundllc.com
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