Whenever you hear the words вЂњhard money loanвЂќ (or вЂњprivate money loanвЂќ) whatвЂ™s the thing that is first passes through your thoughts?
Shady searching lenders whom conduct their business in dark alleys and cost interest that is sky-high?
Some bad apples tarnished the hard money lending industry when a few predatory lenders were attempting to вЂњloan-to-ownвЂќ, providing very risky loans to borrowers using real estate as collateral and intending to foreclose on the properties in prior years. Fortunately, these kind of difficult cash lenders donвЂ™t exist in todayвЂ™s market, even though some recurring stigma continues to be for a few property investors that havenвЂ™t recently used the solutions of a professional difficult money loan provider. More