Fund Your Flipping Project with a Hard Money Lender

If you’re seeking money to do some property flipping, you may decide to go with a private money or hard money lender. They may seem similar, but there are significant differences between the two that could be better suited to your needs.

For starters, a private lender will evaluate your eligibility based on three primary factors: your ability to pay, your credit, and any collateral. As with a traditional mortgage, the private lender will closely evaluate your credit score while a hard money lender requires little to no credit. In the case of hard money, they are also less concerned with your assets and current income.

A major difference that’s often been discussed is time. Private lenders can take months to finalize or close on a loan. When it comes to flipping properties, time can be of the essence. New homes emerge, home values rise and fall, if you’re seeking the biggest bang for your buck, a hard money loan can close in a matter of days. You get the money you need to fix up that property and make a profit in as little amount of time as possible without having to necessarily deal with factors like income.

This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. We have over three decades of experience specializing in private money real estate loans and we pride ourselves on providing our esteemed clients a service that’s personalized while delivering low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at to fill out an application form.