What is "Hard Money" Lending

Q: What is “hard money” lending?


The term “hard money” is often used in real estate investment discussions. Essentially, it refers to non-traditional financing. Hard money loans are typically short term loans with relatively high closing costs and above market interest rates. These are commonly used for distressed property situations and rehab projects where traditional funding is not available. Hard money lenders will typically, but not always, require a first lien position in the property. When a first lien position is not available, hard money lenders will generally require that there is substantial equity beyond the amount of the new loan.


CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Building 15, Suite 120
Atlanta, GA 30305

Tel. +1 (404) 476-3736
email:
chris@GeorgiaTitle.com
web:
GeorgiaTitle.com | GetMyGFE.com

Comments

*atlanta transaction attorney

Atlanta Transaction Attorney



CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Suite 120
Atlanta, GA 30305
Tel.
+1 (404) 476-3736
email:
chris@GeorgiaTitle.com
web:
GeorgiaTitle.com | GetMyGFE.com

Comments

*atlanta ga real estate agent

Choosing an Atlanta Georgia Real Estate Agent

CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Suite 120
Atlanta, GA 30305
Tel.
+1 (404) 476-3736
email:
chris@GeorgiaTitle.com
web:
GeorgiaTitle.com | GetMyGFE.com

Comments

*due diligence period georgia

Due Diligence Period in Georgia Real Estate Contract


CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Suite 120
Atlanta, GA 30305
Tel.
+1 (404) 476-3736
email:
chris@GeorgiaTitle.com
web:
GeorgiaTitle.com | GetMyGFE.com

Comments

Role of Real Estate Closing Attorney in Atlanta

This article summarizes the role of the Atlanta closing attorney in a residential closing. Read More...
Comments

What is Owners Title Insurance

the type of title insurance that will protect the owner and heirs is called a(n) Read More...
Comments
©2014, 2015 & 2016 CHRIS PAHL Attorney at Law | Paper & Dirt Real Estate Blog | Contact Me