Hard Money Business Loans

Hard Money Business Loans

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That is the total amount they will lend for both purchase price and rehab costs. Then on top of this, you need to have money to pay the points and fees on the loan at closing.

 

 

 

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Hard money loans are made by private lenders who specialize in private funds and how to manage your own finances. The loan typically lasts from 2 to 28 months. It has a higher interest than traditional loans. There is also hard money residential loan but it is more risky because it has a very high interest rate. Borrowers need to have 25 to 50% collateral like real estate, assets like stocks or moneylender commonwealth .

 

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