Have you heard of the concept of Hard Money? It is cash that's loaned directly to you from investors. These investors could be from any place, but typically the lenders will want to be based in their state.
If you're located in Florida, then you can also contact South Floridas #1 hard money lender.
Image Source: Google
What kind of loans do the lenders with hard money make loans on?
The primary type of loans that lenders offer can be called construction loans. When it comes to construction the lender will provide the borrower with the funds in stages. You should contact an individual who can lend you money.
You will provide your details, the approved plans, and financials, as well as your plans for construction and then let's assume that the lender agrees to loan you the funds you need however, the method by which the lender lends you money is in steps, and the steps include:
Why do hard money lenders prefer to lend money to investors instead of homeowners?
This is an excellent question that lots of people must be aware of. Hard money lenders would not want to remove a homeowner of his house since he didn't make payments, however, when it comes to investors, it's business-like and that's exactly what the lenders would like and that's what they want to see.
What kinds of properties do money lenders are willing to lend money to?
The hard money lender can provide loans to any type of property including single-family homes, condos, townhouses, condos, hotels, apartment buildings, motels, office buildings, shopping centers, and many more.