Whenever you hear the words “hard money loan” (or “private money loan”) what’s the first thing that passes through your brain?
Shady searching loan providers whom conduct their company in dark alleys and cost interest that is sky-high?
In previous years, some bad oranges tarnished the difficult money lending industry whenever a couple of predatory loan providers had been attempting to “loan-to-own”, providing really high-risk loans to borrowers making use of real-estate as security and going to foreclose in the properties. Fortunately, these kinds of difficult cash lenders don’t exist in today’s market, even though some recurring stigma stays for many real-estate investors who possessn’t recently used the solutions of a professional difficult cash loan provider.