Avatar's Blog

» Hard money for bridge loans

Posted on 1/12/2005
Bridge loans - loans needed NOW for a short period of time. Hard money is an excellent choice for a bridge loan. Using the equity in real estate you already own, you can get a loan in two weeks or less and keep it for a short period of time. Hard money costs more than bank money, but loans can close in 2 weeks or less, whereas banks take a lot longer. And you can always refi at lower rates at conventional bank snail's pace without losing an opportunity.
Posted in Miscellaneous