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Funding time: The best hard money lenders can fund in roughly 10 to 15 days, allowing both short- and long-term investors to compete with all-cash buyers and close deals quickly. customer service: The best hard money lenders are typically online lenders who offer a higher level of customer service than more traditional hard money lenders.
Better than Hard Money. Use these Private Lenders instead! – Hard money lenders can often fund deals quickly, and they can fund deals that traditional lenders would never approve. But, there’s a catch. It’s extremely expensive! Most hard money lenders charge 16-18% interest and thousands in up-front fees. By the time you factor in the loan costs.
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Hard Money Loans Toronto Ontario From Private Money Lenders – These loans are secured by a mortgage against real estate which can be in first, second, or third position, depending on the specifics of the lending request and the equity available in the security being offered. Most hard money lending terms are for a period of one year.