Hard money is a way to borrow without using traditional mortgage lenders. Loans come from individuals investors or private funds who lend money based (for the most part) on the property you’re using as collateral. These deals are primarily equity based Loans. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money mortgages may be the only option. Loan to values are also less then conventional financing due to the risk. We place Hard Money Mortgages throughout the state of Florida. with Loan amounts from $100,000 and above. Please contact us with all your questions and scenarios.
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