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
Related Websites -
Learning More With Commercial Real Estate Investment Seminars [/caption] Commercial real estate investment seminars can provide you with a wealth of information to help you make smarter, more profitable investments. Whether your portfolio is small or substantial, seminar attendance is an easy way to get access to new products and opportunities as well as strengthen your arsenal of...... -
Things to Remember When Getting a Cash Advance Every now and then, you may find yourself in need of some quick cash for an emergency or unexpected cost. Payday loans are a common solution for many people, as they are quick and easy. Still, when it comes to this type of cash advance, there are several important things...... - iSave.com iSave.com is a consumer electronics retail site where people find huge savings on tons of products like portable GPS, personal care & pet products, home/office phones, gadgets & much more. We are authorized dealers for everything we sell! Now approaching our 6th year of operation, iSave.com has established itself......
-
Making Extra Money With P2P Lending Peer to Peer lending is quickly becoming one of the hottest new ways to create multiple streams of income. While there is risk involved, there are various methods that can reduce the risks that individual investors face and provide protection against non-payments. If you're looking for an potential way to...... - Law Students in Debt and in Doubt – Spread the Word Mr. ToughMoneyLove enjoys blogging but makes his living practicing law. I also teach part-time at a local top 20 law school. I hope this allows me to speak with some authority on the topic of excessive borrowing and unreasonable financial expectations of law students and law student wannabes. If you......
You must log in to post a comment.