4 Ways to Find Hard Money Lenders

[Corey Dutton]

Don’t feel bad if you’ve struck out on your search to find hard money lenders. Sometimes even seasoned real estate professionals, mortgage brokers, or bankers, may not know one hard money lender. Here’s a very short list of places to find hard money lenders:

1. Do an Internet Search: Do an extensive Internet search for hard money lenders or private lending companies in your local area that lend on real estate.

2. Search on Social Networking Sites: There are a ton of social sites where you can find hard money lenders online. But use caution here. See my recent discussion/post, ‘How to Spot Loan Scams on Social Networking Sites.’

3. Consider Paid Sites: This is any paid site where a hard money lender can pay to be added to a list. The person who is searching for lenders may have to pay, or the information may be free, and in this case it’s the lender that pays to be listed. Proceed with caution here also. There are also bogus lenders hanging out on those sites too who will steal your upfront money, and maybe your personal identifying information, and then never give you a loan.

4. Word of Mouth: Talk to other real estate investors who have used hard money lenders to fund their deals and see what hard money lenders they are using.

Posted by Corey Curwick Dutton, Private Money Lender