Parent Category: New-Hampshire
Hard money lending
Why do you need hard money loans?
At any point of time, you may require hard money loans, which may provide flexibility for your finances and future. You many have goals and aims to fulfill in your life. If you want to start a new avenue, for which you may require some ready cash. Money makes money, and this is the sole purpose of hard money loans.
Usually people, who want to invest in real estate for that extra financial freedom, opt for hard money loans. You many have a great project in mind but you may require a person to fund in his capital for the profitable deal. Thus you require hard money for your dreams to come true.
New Hampshire Hard Money Loans, Investor Loans, Private Money Mortgage and Bridge Loans, which are similar to hard money commercial loans.
These investor loans typically refer to loans for New Hampshire commercial or investment property which is in transition, and therefore do not qualify for traditional financing, whereas hard money loans are more like bad credit loans for financially distressed borrowers.
The qualifying criteria for a bridge loan is essentially the same as a hard money loan, however. Typically the maximum loan amount one can expect to receive is 65-70% of the property's market value.
Because of the higher than average risk of default with these types of commercial real estate loans, the lenders typically charge higher than average interest rates and often require joint venture or sell back requirements from the riskiest borrowers.