Hard Money Loans

Hard money loans are typically issued by private lenders, they come with higher interest rates and shorter repayment terms than the other types of real estate investment loans. These often require the investor to use an asset as collateral for the loan. These loans are better for investors who need to purchase a property quickly because they have a shorter process of applying for a traditional loan. They also are ideal for investors with lower credit or for investors to finance one property while preparing to sell another property.