Hard Money Oregon

What is a Hard Money Loan?

Where banks and traditional money lenders do not dare to tread, hard money lenders step in. These lenders take a great risk in lending money to people who hardly have any credit worthiness and who are in desperate situations. There are several commercial companies and private lenders who see a potential investment in lending money for short term loans, which are taken to stall foreclosures and bankruptcies. The interest rates that these loans call for are significantly higher than traditional loan rates.

Advantages of a Hard Money Loan

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