Why the Route of Hard Money?

Private money lenders are great for short-term fix and flippers, who want to compete with the short timeline of an all cash buyer. However, private lenders are also right for long-term investors who want to rehab a rental property before refinancing into a permanent mortgage or seasoning a property before refinancing. Additional foreign nationals and traditional investors like private money for the limited disclosures and documentation.
Private money lenders are right for the following types of people:
• Fix-and-flippers looking to purchase, renovate, and sell a property within one year.
• Short-term and long-term investors who need financing quickly.
• Buy-and-hold investors looking to purchase and renovate a property before refinancing with a conventional mortgage.
• Long-term investors who can’t qualify for a conventional mortgage but plan on refinancing once they meet qualifications.
• Long-term investors who need to season the property.
• Foreign borrowers who are unable to obtain conventional mortgages due to nationality.
• Foreign or Local buyers who want limited disclosure and documentation.

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