The short answer to the question whether you can use a hard money loan for foreclosures is “yes”. In this article we discuss how hard money loans work for financing purchases of foreclosed real estate, and some tips to consider. Hard Money Loans for Foreclosures With pre-foreclosure short sales and foreclosure property auctions, it’s essential … Read more
Foreclosed homes usually have things wrong with them below the surface that may not be found until after the auction. These issues can kill the profit from a foreclosure deal before you ever get started fixing up the home for resale. It is crucial that a buyer research and know as much as possible about … Read more
When are hard money loans illegal? What are the conditions that can make these types of loans illegal? Read on to find out… Loans secured by collateral (aka “hard money”) are not illegal per se. Lenders with capital can provide loans to borrowers as long as 1) their rates are not usurious, and 2) they … Read more
The goal of taking out a hard money loan is to get financing quickly and with good terms. But hard money lenders have secrets they will keep from you to maximize their profits. We discuss these hard money lender secrets here and how you an use them to get better financing terms. SECRET #1: The … Read more
Can you get a hard money loan when you have bad credit? We answer that question in this post. Getting a hard money loan can mean the difference between getting in on a highly profitable fix-and-flip property deal or having to wait. Since time is money, this means likely losing profit. If you’re looking for … Read more
Down payments of between 10-30% are usually required when purchasing a property financed with a hard money loan. The percentage is a wide range that depends on a number of factors and how you structure the deal. NOTE: If you’re shopping around for hard money lenders we suggest checking out our hard money lenders by … Read more
Before you can get approved for a hard money loan, you need to put up collateral. In this post we discuss the types of collateral required to secure a hard money loan. The two types of collateral needed for a hard money loan are: Cash collateral Real estate bought with the loan If you’re shopping … Read more
Exactly what is a hard money loan? In this article, we explain concisely what a hard money loan is, along with the pros and cons of this type of financing. Hard Money Loan Basics A hard money loan is a sort of loan that is collaterized strictly by real estate property as insurance for the … Read more
< Back to Hard Money Lenders by State The following hard money lenders in Iowa offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Hard Money Lenders 103 E College St, Iowa City, IA 52240 (319) 559-4810 Equity Dynamics, Inc. 666 Walnut St … Read more
< Back to Hard Money Lenders by State The following hard money lenders in Idaho offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Exile Capital 176 S. Capitol Blvd, 2nd Floor, Boise, ID 83702 208-314-6339 exilecapital.com Alpha Lending, LLC 7669 W. Riverside … Read more
< Back to Hard Money Lenders by State The following hard money lenders in Hawaii offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Hawaii Lending Group Honolulu, HI (831) 205-0086 hawaiilendinggroup.com Pacific Home Loans 2395 S Kihei Rd #205, Kihei, HI 96753 … Read more
< Back to Hard Money Lenders by State The following hard money lenders in North Dakota offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Guaranteed Rate 311 North Washington Street, Bismarck, ND 58501 (701) 355-619 rate.com Dakota Business Lending 5630 36th Ave … Read more
< Back to Hard Money Lenders by State The following hard money lenders in New Mexico offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Yogic Private Lenders Ltd. 100 Wyoming Blvd NE, Ste M4 #218, Albuquerque, NM 87113 505-217-3746 or 888-788-5010 webuyhouses4cashnm.com … Read more
< Back to Hard Money Lenders by State The following hard money lenders in New Hampshire offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Blue Note Capital Hudson, NH 603-759-2112 privatemoneynh.com Universal Capital 40 Pleasant St, Portsmouth, NH 03801 (800) 259-1614 uclend.com
< Back to Hard Money Lenders by State The following hard money lenders in Wyoming offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Money Source of America 201 E 5th St #980, Sheridan, WY 82801 877-243-3432 moneysourceamerica.com
< Back to Hard Money Lenders by State The following hard money lenders in West Virginia offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Embrace Home Loans – Martinsburg, WV 300 Foxcroft Ave #305, Martinsburg, WV 25401 800-333-3004 embracehomeloans.com
< Back to Hard Money Lenders by State The following hard money lenders in Virginia offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Washington Capital Partners 2815 Hartland Rd #200, Falls Church, VA 22043 703-348-0549 washingtoncapitalpartners.com Hard Money Lenders Alexandria VA 625 … Read more
< Back to Hard Money Lenders by State The following hard money lenders in Vermont offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Vermont Mortgage Company 135 College St #1, Burlington, VT 05401 802-863-2020 vermontmortgagecompany.com
< Back to Hard Money Lenders by State The following hard money lenders in Tennessee offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Hard Money Lenders Memphis TN 3740 Business Dr #104, Memphis, TN 38125 901-437-5971 hard-money-lenders-memphis-tn.business.site Hard Money Lenders Greenville TN … Read more
< Back to Hard Money Lenders by State The following hard money lenders in South Dakota offer real estate financing for a house flip, condo flip, fixer, bridge loan or construction project. Lender Name Address Telephone Website Affiliated Mortgage LLC 2920 W Main St #2, Rapid City, SD 57702 605-718-9820 affiliatedsd.com