Hard Money Loans – Where To Get One
Saturday, June 17, 2006
So you’ve finally decided to apply for a hard money loan. Fine. But that’s only half the battle.
Because the money comes from private lenders, it can be difficult if not impossible to know where to look for the best hard money loan. Here are some of the more common ways to track down a hard money lender for your next real estate or business venture.
You can start with local attorneys. Locate settlement and closing lawyers who have worked to prepare hard money lender loan documents. They can usually tell you who is loaning hard money and looking for places to invest it. They can be a veritable wealth of information, so start there.
Next, talk with area accountants. They usually have clients with a lot of free capital that can be lent out to you in the way of a hard money loan. Even if they don’t know a traditional hard money lender, they may be able to help you get connected with someone who is interested in getting into hard money lending. Accountants are a very good source of hard money lenders you can put your faith in.
Last but certainly not least, simply go online and let the Internet work for you. That’s where you can find the nation’s largest, most successful private hard money lenders. In business since 1986, one such lender is Kennedy Funding, America's leading hard money expert, specializing in bridge loans for commercial property and raw land development, workouts, bankruptcy and foreclosures. Kennedy Funding employs creative financing expertise that enables them to close on these equity-based commercial bridge loans of $1 million to over $100 million in as little as 5 days. Their international network of private lenders, to use one illustration, allows borrowers with assets to get the hard money commercial loans they need super-fast. So, no matter where in the world someone does business, these lenders makes getting a hard money loan fast and easy.
Because the money comes from private lenders, it can be difficult if not impossible to know where to look for the best hard money loan. Here are some of the more common ways to track down a hard money lender for your next real estate or business venture.
You can start with local attorneys. Locate settlement and closing lawyers who have worked to prepare hard money lender loan documents. They can usually tell you who is loaning hard money and looking for places to invest it. They can be a veritable wealth of information, so start there.
Next, talk with area accountants. They usually have clients with a lot of free capital that can be lent out to you in the way of a hard money loan. Even if they don’t know a traditional hard money lender, they may be able to help you get connected with someone who is interested in getting into hard money lending. Accountants are a very good source of hard money lenders you can put your faith in.
Last but certainly not least, simply go online and let the Internet work for you. That’s where you can find the nation’s largest, most successful private hard money lenders. In business since 1986, one such lender is Kennedy Funding, America's leading hard money expert, specializing in bridge loans for commercial property and raw land development, workouts, bankruptcy and foreclosures. Kennedy Funding employs creative financing expertise that enables them to close on these equity-based commercial bridge loans of $1 million to over $100 million in as little as 5 days. Their international network of private lenders, to use one illustration, allows borrowers with assets to get the hard money commercial loans they need super-fast. So, no matter where in the world someone does business, these lenders makes getting a hard money loan fast and easy.
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