Rehab Properties Thriving Hard Money Loan Secrets Revealed

The Role of Hard Money Loans

Hard money loans are a type of short-term financing often used by real estate investors to purchase and renovate properties. These loans are typically provided by private lenders or investor groups rather than traditional banks. They are secured by the property itself, making them accessible even to those with less-than-perfect credit scores. The primary advantage of hard money loans is their speed and flexibility. Unlike conventional loans, which can take weeks or months to process, hard money loans can be approved in days, allowing investors to quickly seize promising opportunities¹.