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How to Set Up a Hard Money Lending Business | Chron.com – The hard money lending business is a hard asset (real estate) based business. You will need to consider several factors while structuring your company. One factor is whether you will be using your.
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Federal shutdown slams Bay Area entrepreneurs seeking SBA-backed real estate loans – Small business owners often need to complete a deal by a certain date or risk losing the property and substantial sums in non-refundable deposits. Some borrowers are turning to so-called hard money.
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Hard Money To Conventional Loan Hard Money vs. Conventional Bank Financing – The cost of hard money is generally higher than conventional financing. Hard money lenders offer loans at a higher interest rate and with more points due at closing. A hard money lender is generally taking a bigger risk and feels justified in making more money off the loan.
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I am a hard money lender, I want to start off very little to get my feet wet. I’m thinking about people that needs small projects done Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.