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Showing posts from May, 2020

All you Must Know About Hard Money Business Loans

Traditional financing has come a long way, but there are times when it is not an option for a real estate investor. When traditional funding doesn’t work, options like hard money business loans come into play.  If you don’t have much idea about hard money business loans, this post is all you need to go through. Here, we will tell you all about hard money business loans. So, read on and know it all.  What is a hard money business loan?  Commercial hard money loans are asset-based loans and focus on the assets of the borrower or the investment property. When you request a hard money loan, the lender does not look at your credit history or your ability to repay the loan.  These are typically short-term loans that an investor borrows to fund the property, fixing it, and then reselling the same.  Why do you need a hard money business loan? Hard money real estate loans will help you buy the property that you want to fix and flip. Once you buy the property, you will need