Hard
money loan means a specific type
of asset-based loan financing through which a borrower receives funds secured by
the value of a parcel of real-estate. It is
usually issued by private investors or companies. .
Now a days hard money loan is so popular in America. Hard
money loan is also known as private money loan. Bank loan is not as flexible as
hard money loan. When a man applying for
a loan from bank they face many problems. Because bank verifies their credit,
taxes, business plan etc. For this condition
many people are not interested about bank loan.
Many people are not know how to get hard money loan. They worried about
their bad credit .But they want to start their business by taking loan. They
do not know how they will get hard money loans.
Your question- I have a bad credit. can i get loan from bank? No, If you have a bad credit then you can not get loan from bank. Because bank verifies your credit. If they know that you have a bad credit then they are not able to give you loan. You think your small business plan, home plan etc is over if you can not get loan from bank. No problem. Everything will be fine. You can get hard money loan from the hard money lenders. They are able to give you loan anytime. Now your question- how can you find them?
In online there are many companies or investors who
provides hard money loan. People can get
hard money loan easily from hard money lenders. Hard money loan is not
a lengthy process, not so much condition and also no hidden charge. Most of the lenders give hard money loan
for few months or few years. Actually hard money loan is a short time process. Sometimes
lenders are giving 65% to 75% LTV (loan to value).There interest rate is little
high from bank loan.
“Lending Universe Inc” is
one of the best website for lending hard money loan.
More than 10000 lenders are in “lending universe inc”.
Most of them are registered and all of are verified. So, you need not to worry about lenders
from “lending universe inc”. They will give you loan with some simple condition and also in a short time.
You can trust them 100%. Here you can also find loan brokers, notaries public,
real-estate agent, appraisers, home insurance agent, construction
contractor, home designers etc. All of them are qualityfull. For more
information visit : http://www.lendinguniverse.com/.
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