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"Buyers Turn to Commercial Investors for Hard-Money Loans"

Investors are pulling money to make loans to Borrowers who banks reject. Some hard-money lenders charge Borrowers higher interest rates between 9% - 12%, but are becoming an answer for some Borrowers who can’t get approved for a bank loan otherwise due to tighter credit restrictions, debt ratios, bankruptcies, etc..

Borrowers, the good news is that research has demonstrated that hard-money loans are up significantly from a few years ago and, .recent studies reveal that more people are using private hard money lenders to complete their commercial funding opportunities.You may ask, "Exactly What is a Private Hard Money Lender"?

Hard money, or private lending, is gaining popularity as financing remains tight.

Private hard money business lenders are often the only alternative when banks and loan brokers are unwilling to fund Borrowers commercial projects.

A Hard Money Lender is typically a lender that does not use conventional standards to extend business credit to borrowers. While commercial banks and business loan brokers evaluate credit history, income and debt to determine creditworthiness, private hard money lenders will often provide a short-term loan from 1 - 3 years with extensions available based on the underlying value of the commercial property and or assets available which includes equipment and machinery. Private hard money lenders are often a good option when traditional financing is out of the question or when cash is needed quick.

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