How to Use Private Money for My Clients?
Private investors provide short-term financing secured by real estate through hard money loans, approved by private lenders not banks. Hard money lenders base the loan amount on the property’s value, not the borrower’s creditworthiness. M&M Private Lending has millions in dedicated funds, allowing them to provide competitive terms without requiring approval from investors for each loan.
Typically, they offer hard money loans with a one-to-three-year term, an interest-only payment structure, and a balloon payment due at the end of the term.
M&M Private Lending doesn’t check creditworthiness, which is ideal for borrowers who can’t obtain conventional financing due to recent foreclosure or short sale, but have enough equity in the property used as collateral. With their “Yes” policy, M&M Private Lending can offer a viable solution when banks say “No”.
