Many times a conventional loan is not possible or feasible for a Real Estate Investor looking to Fix & Flip or Fix & Rent a property. Whether it’s the time required for the loan process, credit issues or the condition of the real estate collateral, a hard money loan is many times the best financing choice.
Typically Hard Money Loans take between 3-7 days to complete which offers value to a real estate investor trying to capitalize on a discounted purchase opportunity where the seller needs to sell quickly.