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Bobby Montagne, chief executive of hard-money lender Walnut Street Finance, estimated that around $56 billion of residential properties are currently financed with hard money, which usually has double.
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What About owner occupied hard money Loans? One of the most frequent questions we are asked is if we will do hard money loans for owner occupied homes. We only loan on owner occupied homes if the funds are specifically intended for business purposes.
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Choosing the right residential hard money loan is going to have a major impact on your investment. We can help you find the perfect private hard money lender with the lowest rates and fees so you can focus on the investment with confidence.
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In general, it requires private developers that need a zoning change for a residential project, or ones that receive city.
A residential hard money loan is a good alternative to traditional bank financing. This alternative financing is beneficial to the borrower in many circumstances. Below are just a few of the reasons when a residential hard money loan might be appropriate. When is a Residential Hard Money loan appropriate?
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