Hard Money - Approvals and Speed Of Funding
Hard money is known as money that can be acquired fast and with out much red tape. The purest of hard money lenders are truly asset based and can approve a loan usually within an hour of receiving the information of the asset. People use hard money for a lot of reasons and because speed is one of the top 5 reasons, it is really important that as a lender we can deliver on that. We have literally closed deals in under 24 hours. The back end systems have to run very efficiently and the underwriting has to be very confident in market awareness.
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