Hard money lenders make money by charging high-interest rates on loans. There are pros and cons to hard money lending, but it can be a great way to help people get the money they need. You can also look for hard money banker in San Diego.
Here are some of the benefits:
-Hard money loans are quick and easy to get.
-They're often very affordable.
-You can get a loan without having to go through a bank or credit union.
-The loans are usually fast and reliable.
-There is no risk of getting a loan that you can't pay back.
-You can use the money for any purpose, including buying a house or business.
What are the Differences Between Hard Money and Soft Money Loans?
When people think of borrowing money, they usually think of soft money loans. These are loans that you can take out from a bank or other financial institution. They are usually given in small amounts and have low-interest rates.
Compare this too hard money loans. These are loans that are given by private investors. They tend to be much larger than soft money loans, and they have higher interest rates. Hard money loans are also more difficult to get because they are often reserved for businesses that are doing well financially.