A hard money loan is a risky asset-based loan used by companies that cannot qualify for other types of loans to finance their operations. If a project comes up in which a small business wants to invest or if a company has used up their lines of credit, they can turn to hard money loans for their needs.
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Uptown Commercial Capital is a provider of business loans and real estate loans for investors. We fund loans through private sources such as Private Equity Funds, Hedge Funds and other direct lending sources not otherwise directly available to Small Business Owners.
Hard money loans. When you hear the term, you may think of a particularly notorious type loan sharking. This is because some time ago, predatory real estate lenders with an interest in "lending to own" started making very risky deals with borrowers.
A state financial regulator on Thursday announced an agreement that allows OneCap Mortgage Corp. to continue servicing hard-money loans it made with investor money. OneCap, a hard-money or private.
Hard money business loans are collateral-backed loans that can give entrepreneurs easier access to capital – regardless of their creditworthiness or time in business. These loans are similar to bridge loans and are usually secured by real estate, such as a commercial property, residential property or land.
After rejecting similar proposals in prior years, the Legislature approved the bill with the support of influential lawmakers.
As a direct hard money lender with over 60 years working in the industry, Source Capital Funding is a premier source for hard money commercial loans. Since 2007, we have funded over $250M in commercial loans and understand all kinds of loan situations and work with all types of borrowers.
Every crisis spawns opportunity for someone, and the credit crunch is no different. As the banks and mortgage companies that binged on free-and-easy real-estate lending have grown gun-shy or.
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A hard money loan may be a faster route to financing than a bank loan. But be sure you understand the possible consequences before you take.