Hard money is the industry term used to describe private financing options that differ from the traditional route of going with bigger corporations or banks. Typically, hard money loans come from a network of private lenders who have approved their finances to be given to qualified borrowers on real-estate deals with equity in them. In certain cases, borrowers need this money available to them quickly for a short period of time to do a construction or rehabilitation project on a property for profit, so they do not want the hassle of waiting for large bank to analyze everything and give them their approval. In other cases, borrowers using hard money have had some kind of past income related concern or a poor past credit history preventing them from being approved for a regular loan by the bank, so they have to explain their circumstances and use hard money until they can qualify for alternate financing.
Lending Bee offers both purchase and refinance hard money loans on single-family residences, multi-family residences, commercial, industrial, retail, and land properties. Between the large network of qualified, accredited investors and our own privately managed fund, Lending Bee, Inc, our company can help with all of your Hard Money lending needs.