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A hard money lender determines the value of the property through a BPO (broker price opinion) or an independent appraisal done by a licensed appraiser in the state in which the property is located. The interest rates on hard money loans are typically higher than the rates charged for traditional business loans.
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The term “hard money lender” is used to describe lending outside of traditional banks or credit unions to an individual or a business. Hard money loans are usually funded by an investor or a group of investors. Hard money borrowers secure their loans through equity rather than creditworthiness.
Specifically, Sunset is working as a direct hard money lender for people who are investing. Our group is currently one of the most competitive lenders in the Southern California market and an.
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Wilshire Quinn, a California hard money lender, provides financing to borrowers who are unable to obtain credit from traditional lending institutions or need to close quickly on a property. Loans are.
Real estate investors and corporations in California know they can count on Sacramento’s Socotra Capital to provide hard money loans.