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» Location and Rates

Posted on 11/1/2004
The location of the property you wish to collateralize will have an impact of the number of lenders who will fund and on the rates you will pay. In general, if you have a choice of properties to collateralize for a hard money loan, select a property that is located in or near a city, rather than a rural property. If the property is income-producing, so much the better.
Posted in Miscellaneous