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» Hard Money Risk Factors
Posted on 10/15/2004
If you are seeking a hard money loan, the risks in lending you money are greater than a bank is willing to take. Expect to pay more than you would for a traditional bank commercial real estate loan.
Risk factors that determine the rate and points you will pay on a hard money loan include among other things:
* your personal financial status * the financial health of your business * the length of the loan * the clarity and certainty of your exit strategy
Many other factors play a part in determining the cost of your hard money loan. Identify the strengths in your loan package and be sure to be clear about income sources and exit strategies to ensure that your hard money loan is offered at the best rate possible for your situation.
Posted in Miscellaneous
Risk factors that determine the rate and points you will pay on a hard money loan include among other things:
* your personal financial status * the financial health of your business * the length of the loan * the clarity and certainty of your exit strategy
Many other factors play a part in determining the cost of your hard money loan. Identify the strengths in your loan package and be sure to be clear about income sources and exit strategies to ensure that your hard money loan is offered at the best rate possible for your situation.
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