As a private money lender, my underwriting team (my wife) must sift through dozens of applications weekly. As our loans are mostly repaid from a resale or refinance of the property, one important check mark needed on all applications is a valid exit strategy. For the strategy to be valid
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Stronger Offers. With private lender funds, you can make stronger offers with quicker closings and eliminate financing contingencies with offers just as good as cash. Real estate brokers present numerous offers to their clients and the strongest offers are accepted. The strongest offer is not always the highest offer price
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There are some people out there that will delineate these two in completely different ways. I personally think they are extremely similar. Let me give you some descriptions. What is a hard money lender? Does it sound scary? Check out that word in the beginning of the term, “hard”. Hard
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