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» Types of Hard Money Lenders

Posted on 3/14/2005

Hard money lenders come in many 'flavors', meaning they lend on different kinds of properties. Hard money lenders is a catchall phrase that refers to lenders who are not conventional (bank) lenders and base their lending criteria on something other than the borrower's FICO score.

Different types of hard money lenders include:

  • commerical bridge lenders
  • private residential lenders (aka non-conforming mortgage lenders)
  • rehab lenders

What binds all hard money lenders is that fact that they are not banks. Just about everything else will differentiate them. Tomorrow I will disucss the different kinds of lendng criteria hard money lenders may use.

Posted in Miscellaneous