If you need money for an investment, hard money loans may be the answer. A hard money lender underwrites the borrower, so these funds are more accessible for a wider group of borrowers. Hard money lender options vary; find those offering the best terms to suit your needs and consider working with a third-party servicer to make the process and finding lenders easier, too.

What are the options in terms of hard money lenders? Here are some:

Mortgage Funds

Many mortgage funds are made up of a larger pool of small investors. The manager of the fund raises money through a network, that in turn, helps by investing money in small businesses, brands, or companies.

Real Estate Agencies

Due to the current market, many real estate agencies and companies are lending money for hard money loans, in lieu of buying new properties. This diversification is due to real estate appreciation and cap rates as of late.

Family Businesses

Know of a family chain or business in the area? These are another likely source for hard money loans. The last ten years have seen pressure put on the market that is motivating many to stop buying new real estate holdings, and lending out money instead.

Affluent Individuals

Similarly, affluent individuals or those with a high net worth also make hard money loans through a middleman, or third-party servicer that engages directly with the borrower.

Fix-and-Flip Funding

Fix and Flip funding is often available from a conduit lender who serves as a mediator and middleman between the investor and the borrower.

Want to learn more about hard money lenders? We can help. Don’t try to navigate and approach lenders on your own; it can be complex to try and find lending networks on your own. Call or visit Rustwood Capital to find out more about alternative funding solutions today.