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All About Hard Money Loans

many investors looking for investing in commercial or residential rehabs and purchases find it difficult to get traditional loans from banks. This is because banks are reluctant to invest in risky properties. This is where hard money loans come into play!<br><br>Here, we explain all about hard money loans Dallas:

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All About Hard Money Loans

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  1. ALL ABOUT HARD MONEY LOANS

  2. HARD MONEY LOANS ARE PROVIDED BY PRIVATE INVESTORS TO BORROWERS.

  3. THEY ARE SECURED AGAINST THE PROPERTY BEING PURCHASED.

  4. SINCE THEY ARE GIVEN BY PRIVATE INVESTORS, THE LOAN TERMS FOR THIS TYPE OF LOAN IS QUITE FLEXIBLE.

  5. THEY ARE NOT BASED ON THE BORROWER’S CREDIT SCORE.

  6. THEY TAKE LESS TIME IN PROCESSING.

  7. THEY ARE A SHORT-TERM, HIGH-INTEREST LOAN.

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