Hard Money Schools

Not long ago when private commercial mortgage loans, often called "hard money" loans were easy to get. Property owners who did not qualify for bank financing or who were under sever time constraints needed only to show that a building or tract of land had equity in it. Hard money lenders were happy to issue commercial mortgage approvals based on soft equity alone. Those days are long gone.

Private lenders are swamped with loan requests today. High quality borrowers with 7 figure net worths and strong balance sheets, unable to pry money from their bank anymore, are flocking to private financial entities for desperately needed funding. Thousands of excellent projects and great buildings are in danger of being lost to the credit crunch. Hard money lenders can afford to be choosy; only the best properties and the best deals are getting financed today.