How Phoenix Hard Money Lenders Work?

Hard money lenders generally focus heavily on the property being financed. They may still review the borrower’s experience, finances, credit, and project plan, but the value of the real estate is often central to the lending decision.
Borrowers may use hard money financing for:
• Fix-and-flip properties
• Rental acquisitions
• Renovation projects
• Bridge loans
• Commercial properties
Unlike a conventional mortgage that may run for 15 or 30 years, hard money financing is usually designed as temporary funding.