The Different Types of Hard Money Lenders
Many people, including real estate agents, conventional mortgage brokers, and escrow and title officers think of a hard money lender as someone who funds a few local loans per year, or a local lending company that funds fix and flip transactions. The reality is, the industry has expanded significantly beyond these local lenders. Nationwide, hard money lenders originate loans and sell to pension funds and Wall Street investors, leading to greater product offerings for the end user, the real estate investor.