Foreign Perspectives

Hard money is a slightly odd type of real estate mortgage in that rather than treating the property as a long term investment as most typical mortgage places do, it’s intended for quick turnover.

This obviously changes the valuation criteria considerably and it’s based on the quick-sale value of the property rather than the normal wooly valuation that a realtor may come up with. Since it is quite short-term financing, it therefore will usually come with a higher APR calculated interest rate although that’s not overlly relevant as this is very much short term financing thus a very high APR doesn’t equate to equally high interest payments over the term of the loan.

In the hard money marketplace you don’t want to be fussing around with brokers and since it’s quite a specialised business it’s best to run with a nationwide hard money lender in that they’ll have both more experience and more financial backing. Commercial hard money works on a similar basis although, of course, there are many more variants in loan types comprising the likes of bridge loans, construction pay off loans, foreclosure bailouts, purchases and foreign national purchases: essentially all the types of loan that banks have difficulty in approving through their normal channels.

Anyway from Arizona hard money to New York hard money you can arrange it surprisingly fast through LV Hard Money.

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