Take a Local Approach to Hard Money
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There are a lot of options when looking to get a hard money loan .Commercial mortgage
brokers can feel overwhelmed in knowing who to trust and where to go to find the best option
for their clients.
It’s easy to choose or partner with a national lender because of their excellent programs and
extensive reach. Arranging a hard money loan through a local partner, however, may be the
better option in many cases. A local hard money lender is someone who lives close by, can be
on-site within a few hours and can meet clients face to face. Unlike national lenders that deal
with everything via fax or phone, local lenders can be there in person to help your client along
the way.
Local hard money lenders are not affiliated with any banks. key reasons why choosing to work
with one of these specialty lenders is the right option for a commercial rehab or fix-and-flip
project. These reasons include the lender’s speed, extensive knowledge, varied partnerships
and valued support.