Hard Money Loan: When to Say Yes
Kenner French and Jake Goldfarb discuss hard money loans, a type of private lending that is often used by real estate investors and entrepreneurs. They explain that hard money loans are short-term, secured loans with higher interest rates than traditional bank loans.
They discuss the advantages and drawbacks of hard money loans and provide examples of situations where they can be beneficial. They also emphasize the importance of understanding the loan documents and working with reputable lenders. Jake offers consulting services for those interested in hard money lending.
Takeaways
• Hard money loans are a type of private lending that is often used by real estate investors and entrepreneurs.
These loans are short-term and have higher interest rates than traditional bank loans.
• Hard money loans can be beneficial in situations where quick financing is needed or traditional financing is not available.
• It is important to carefully review and understand the loan documents and work with reputable lenders.
• Jake Goldfarb offers consulting services for those interested in hard money lending.
Sound Bites
• Hard money loans are a type of secured loan that's very short term, higher interest rates unfortunately because.
• A hard money loan would be a great fit for a situation like that.
• In the event of a default, the lender can take that property, you know, that's their collateral.
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Thank you for listening!
