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Funding time: The best hard money lenders can fund in roughly 10 to 15 days, allowing both short- and long-term investors to compete with all-cash buyers and close deals quickly. Customer service: The best hard money lenders are typically online lenders who offer a higher level of customer service than more traditional hard money lenders.
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Small investors chasing big returns with private real estate lenders – Meantime, those borrowers “pay a premium” for the fast service, he said. Aside from higher returns and lower risk, hard-money lenders say they’re selling an asset that’s able to be touched and seen.
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Kennedy Funding Financial Principals Announce $3 Billion in Closed Loans – "Borrowers who need money fast, or who have a great opportunity and simply cannot find the funding available from traditional sources are no longer cut off from consideration for a hard money loan..
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Hard money lenders offer short-term loans to purchase and renovate properties. Hard money lenders charge higher rates but offer faster.
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