UCONN Home Hard Money Lending

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For instance, Strickland says one of her hard money lender friends recently did a construction loan for someone building a cabin near Yosemite National Park. Most hard money loans are used for projects lasting from a few months to a few years. After you fill out the motorcycle loan application online and you are approved, we’ll send you motorcycle financing documents to read, sign and return. Occasionally, a lender will subordinate to another first lien position loan; hard money lending this loan is known as a mezzanine loan, a second lien or a junior lien.

It can be secured against a commercial property or residential investment property. Hard Money Mortgage loans are generally more expensive than traditional sub-prime mortgages.

If you can’t afford it, at least talk to people who might know what they’re doing. The rate is not dependent on the Bank Rate.

University of NYC
70 Washington Sq.
New York, NY 10012