Updated over 5 years ago on . Most recent reply
Hard money loans- weighing options
Any advice on what makes one hard money lender superior to another. At a quick glance they all seem about the same and other than looking for the best price is there really anything else to look for in a hard money lender?
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In addition to the usual price-related considerations (ie interest rate, points, LTV), you should consider whether you are able to pay the loan off sooner, or if there is a minimum loan duration. Some lenders require >6 months before loan payoff can occur, which can be an impediment if you are working on a quick deal.