All Hard Money Lenders Care About Is Equity
There is a huge misunderstanding by clients when they call thinking they can get a hard money loan just because they have equity. Sure, hard money lenders are mainly equity based lenders and lend base on the collateral’s equity position. The more equity the collateral has, the more the lender is protected, but that doesn’t mean money is lent solely based on equity. There are other factors considered before money is lent: ONE Does the client have the ability to repay the loan? There are many ways we verify this and it doesn’t necessarily follow the conventional...Read More
