I hear a lot about Hard money Lenders, Private money, etc etc

[Nehemiah Smith]

What are some things or requirements that I should keep in mind or make a check list of before pursuing a hard money loan or private money?

Hopefully I’ve worded this correctly.

Thanks.

[Account Closed]

Private doesn't look at income and is fully based on credit and the property. They're typically long term, while hard money is short term. Hard money is usually 12-24 months and at a much higher rate. Private lending can be low 5's while hard money is usually 8% - 12%.