Hard Money Lending - How does it work

[Brian Egr]

Hey Everyone,

Looking for some information on hard money lending.  I understand it's private money and how to find it, but I'm looking for information on the mechanics of how people use it.  For instance, are people using it on a per deal basis, or are they using like an as needed line of credit? Is it administrated through any type of 3rd party or is it handled directly between the two parties?  How about the peer to peer lending websites are people having good experiences with those?

Any input appreciated!

[Brian Egr]

I guess I should clarify, We don't have HML companies in Nebraska, probably because there isn't enough demand to justify a company getting set up to do it. We do have private money lending individuals that we refer to as hard money lenders.