Hard Money Lending????????

[Account Closed]

Can anyone give me some info. on hard money lending? How much money would I need to have, what are the rates and terms? Thanks Hugo.

[Ann Bellamy]

Assuming you are trying to borrow, Hugo, you should contact lenders local to you. Hard money rates and terms, like real estate, are local and vary significantly from lender to lender and from deal to deal. So there is no one answer to your question.

Check the hard money lender guide here on BP, and go to your local REIA for references to local hard money lenders. Be sure to ask about their reputation when someone refers you. Then call the lender and simply ask. Each one will have different rates and terms.