Pros of using Hard Money Loans. Basically what makes hard money real estate loan to stand out is the flexibility and speed that it incorporates. It gives an investor freedom of capital more than most investors relying on the traditional lenders. However, this form of investment is not purely practical. It holds some of its shortcomings.
A hard money loan is a loan of "last resort" or a short-term bridge. Another advantage: Since hard money lenders don’t use a traditional, standard, underwriting process, but evaluate each loan on a.
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