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Looking For A Way Out Of The Mainstream Market Loan Jungle? Try Hard Money Lending

Nov 2nd 2015 at 1:25 AM

If you’ve had more than enough of the mainstream market loan rituals, you may want to consider other options. It’s a matter of opinion whether the bureaucracy of conventional loans is worse than their fees, but let’s face it – There are a lot of pretty good arguments for looking for better ways to borrow money.

If you’re not familiar with hard money loans, you may be pleasantly surprised. This type of loan is essentiallyprivate moneylending, based on a debt for equity loan. You back your loan with hard assets, hence the name. All that’s really necessary is that the asset backing is acceptable to the lender. Loan terms are clearly laid out, and the loan must be repaid within the designated loan term. It really is that simple.

Another important thing to know is that hard money loans are extremely quick and efficient. The hard money lending process isn’t bureaucratic, and doesn’t include fees for every breeze that blows during the term of your loan. Private commercial mortgage lenders don’t like bureaucracy, either. (Many people, in fact, think that hard money loans are actually a better dollar value option than mainstream loans, partly for that reason.)

There’s a site called Lending Universe, one of America’s leading hard money loan sites, which provides a wealth of information about all aspects of hard money borrowing. You can check out best practice lending options, and also apply for hard money loans directly online. This site is also a good place to see how the lending process works in practice. You can see how online hard money lenders bid for loans, and how borrowers choose the best bid, for example.

The site does an excellent job of spelling out in detail all the issues related to hard money borrowing. Even if you know nothing about hard money borrowing, their site will provide you with a lot of very useful and very clear information, including dos and don’ts for borrowers.

For a genuinely helpful range of information and a firsthand look at how hard money lending works, visit their website here at

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