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It’s that simple! When you fund your real estate investment with a hard money loan from Sherman Bridge, it is just like using cash. With speed and convenience, Sherman Bridge’s hard money loans provide great investment financing, and, with resources like these, you will bring more leverage to the seller’s table.
Hard money lenders are able to set their own internal lending guidelines and do not have to conform to restrictions set by other lending instructions. Hard money lending is truly "common sense" lending in that the hard money lender is able to see the entire picture and visualize the scenario in its finished state.
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Hard money loans are generally lent to borrowers to finance real estate investment opportunities or other collateral backed loans; they are funded by private investors as opposed to banks. A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan.
Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks. In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates.