No,  hard money lenders that use private capital don’t require a standard appraisal. However, they may use a broker price opinion (BPO), an internal valuation, or a comparative market analysis instead of a full formal ...

Sometimes. We will generally lend you up to 65% of the property value and, unlike a conventional lender, will not reduce the loan amount just because the purchase price is much lower than the property ...

No.  Each deal stands on its own. If it makes good loan sense, you will get the loan regardless of how many properties you own. .

Yes. As with a conventional loan, we will require you to pay for a title search of the property to make certain that you have proper title to the property and the lender is being ...

Usually yes. Although there are times when we will not allow secondary liens, most times we don't worry about where you come up with the remaining money to buy the property, whether from a business ...

Before providing documents, you should first complete our Loan Application. Once we determine your loan fits within our lending guidelines, our underwriter will tell you what documents you need to provide. If you have an ...

Sometimes yes, sometimes no.  It varies from deal to deal.  Because much of the money used for hard money loans comes from private investors who want to keep their money working, we often require minimum ...

Every hard money deal has different lending criteria and different point structures and interest rates. As a general rule, count on an interest rate anywhere from 12-14%, and you will probably have to pay anywhere ...

No.State and Federal laws have strict disclosure requirements for consumer mortgage loans, as well as on fees and interest rates. Hard Money Bankers does not lend on primary residences.

Hard money is not appropriate in some circumstances: When you need money long term. Most hard money deals are for no more than 6 months to 2 years; When the deal is tight. Don't look ...