Hard Money Loans
MM Lending, a local pioneer in fix and flip investing and lending, offers short-term, hard money loans for residential real estate investors. “Hard money” loans, a short nickname for “residential real estate investment loans” … are the primary means of funding for these investors.
What Is a Hard Money Lender?
The term “hard money” has a history, and not all of it positive, as this blog post on “hard money” covers. More recently, the term is now more commonly used to mean fix-and-flip loan. A hard money lender quickly provides clients with a loan based upon the value of the property they are buying, secured against the property. The loan typically covers up to 90% of the purchase price of the property, plus 100% of budgeted rehab costs.
If you’re comparing hard money lenders in Louisville, KY, Indianapolis, IN and Cincinnati, OH, give us a call with any questions.
To learn more about how the process works or to discuss your specific needs, contact us today by calling 502-400-3011.