Private Money Solutions

Private Money - or sometimes called Hard money loans are a type of asset-based financing through which a borrower receives funds secured by real property. Unlike traditional loans, which are based on the creditworthiness of the borrower, hard money loans are typically issued by private investors or companies. These loans are often used by real estate investors who need quick access to cash to purchase or renovate properties. Hard money loans are generally easier to obtain than conventional loans, making them a popular option for those with less-than-perfect credit or for those who need to close quickly on a property.

One of the main advantages of hard money loans is the speed at which they can be processed. While traditional lenders may take weeks or even months to approve a loan, hard money lenders can often provide funding within days. This is particularly beneficial for real estate investors who may be competing in a hot market and need to act quickly. However, hard money loans typically come with higher interest rates and shorter repayment terms, so it's important for borrowers to carefully consider their options and ensure they have a solid plan for repayment.