Hard Money Loans (Global)

Hard Money Loans (Global):

Hard Money Loan

 


What Does Hard Money Loan Mean?
A loan of “last resort” or a short-term bridge loanHard money loans are backed by the value of the property, not by the credit worthiness of the borrowerSince the property itself is used as the only protection against default by the borrower, hard money loans have lower loan-to-value (LTV) ratios than traditional loans. 

Hard Money Loan
Hard money loans carry interest rates even higher than traditional subprime loansSince traditional lenders, such as banks, do not make hard money loans, hard loan lenders are sometimes private individuals that see value in this type of potentially risky ventureHard money loans are used in turnaround situations, short-term financing, and by borrowers with poor credit but substantial equity in their property that wish to stave off foreclosure.

 

We have a few lenders willing to perform hard money loans in certain global jurisdictionsTerms and rates vary widely.

GENERALLY RAW LAND IS UNACCEPTABLE

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Keep in mind, Ovadya Funding Group International, Inc. is not a an SEC licensed firmWe offer this information for your information onlyLegal Disclaimer HEREWe DIRECTLY represent third-party lendersIf you are interested in this product, please contact us at: info@ovadyafunding.com. , as Ovadya Funding Group International, Inc. has relationships with a lender(s) involved many project funding types.

 

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