What are Hard Money Loans and Who Should Use Them?
What is hard are traditional loans. Banks, both big and small, often have a complicated and strict loan process. From confusing paperwork to impossibly high credit standards and impersonal loan officers, traditional loans aren’t traditionally easy on any level.
Introducing hard money loans: the modern day replacement to archaic bank loans.
The Low Down on Hard Money Loans
Hard money loans, by definition, are private loans, meaning that banks aren’t involved at all. The money comes from individuals or companies. The advantage of this lies in the fact that hard money lenders don’t have to rely on credit scores, banking history, or income. The financial decision rests entirely on collateral.
Related: When Other Banks Say No, We Say Yes
Here at Hanson Capital Group, a hard money lender in Phoenix, AZ, our lending process is straightforward. We provide no hassle, short-term financing without all of the scrutiny of a typical bank. Our clients come to us because they know they can get quick and trusted sources of capital for the times when they need it most.
Who are the Borrowers
Generally, hard money lending is suited toward borrowers who:
- need money quickly
- aren’t credit worthy according to banking standards
- don’t qualify for traditional bank loans
- have an excellent investment opportunity but don’t have the financial strength needed to pursue it alone
If you’re tired of jumping through hoops and being pawns in the corporate game, consider a hard money loan… an easy solution to a hard financial situation.
Visit Hanson Capital Group for more information on our hard money loan programs in Phoenix and beyond, or call 480.685.4923.