Hard money criteria
1 Reply
Dre Moore
from Dallas/Ft Worth, Texas
posted over 3 years ago
Has anyone been successful with finding a hard money lender that does not consider credit in their lending decision?
Dre
Cody L.
Rental Property Investor from San Diego, Ca
replied over 3 years ago
Most shouldn't be too concerned with credit. That's the main reason HML exists.
The main reason I'd be concerned with bad credit as a HML is worrying the borrower won't have good enough credit to refi me out in the event he can't sell.