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Tough Cash Brokers for Land-Based Lending

By Tim Tavender

As the world economy slips toward another potential collapse, the necessity for folk to ensure stable finances has become supreme. In the current day's turbulent times, no matter whether you are an individual or a business, the necessity to maintain a steady flow of funds has become essential. Sadly, with the money crunch touching the lives of most of us, being able to finance major expenses can become a challenge for most of us, and this is where hard money lenders come to the rescue.

As the name implies, licensed money lenders are private firms focusing on raising investment funds and giving them off as asset-based loans to qualified borrowers. So as to qualify for a tough money loan, the borrowing party should have an asset against which the loan will be approved. Though the amount of loan approvable by such banks depends on a lot of elements, the critical factor ruling the upper limit of lending amount is the value of the asset against that the loan is asked for.

Broadly classifying, Hard money loans offer two kinds of loans, namely home hard money loans and commercial hard money loans. As the names suggest, home loans are given against residential properties, while commercial ones are given against commercial properties. Though primarily based on the same lending philosophy, when talking of the complexities of these non-public cash loans, it is fair to say that they vary significantly in a bunch of aspects.

To begin with, a home loan offered by many money company may have a maturity period ranging between 2 to 12 months; from the other perspective, a loan taken against commercial properties may have a maturity period between 6 to 10 months, making the latter a much safer bet if you are unsure about whether the amount needed is repayable inside 12 months. Nonetheless in order to take a commercial hard money loan, you want to possess a commercial property.

If you are one of many of us looking for a trustworthy and expeditious way to meet a substantial fiscal need, going to hard cash lenders is among the best options you have on hands. With the processing time of such loans being mere 3 days, private cash loans are unarguably one of the best ways of addressing monetary requirements. Nonetheless it is really important to ensure the trustworthiness of the chosen lender by evaluating their recommendations before filing any application.

Tim Tavender is an author with ten years experience running his very own pay day loan in singapore . He has written for National Papers and Magazines about fast loan .

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Article Citation
MLA Style Citation:
Tavender, Tim "Tough Cash Brokers for Land-Based Lending." Tough Cash Brokers for Land-Based Lending. 16 Apr. 2014. uberarticles.com. 2 Aug 2014 <http://uberarticles.com/finance/tough-cash-brokers-for-land-based-lending/>.

APA Style Citation:
Tavender, T (2014, April 16). Tough Cash Brokers for Land-Based Lending. Retrieved August 2, 2014, from http://uberarticles.com/finance/tough-cash-brokers-for-land-based-lending/

Chicago Style Citation:
Tavender, Tim "Tough Cash Brokers for Land-Based Lending" uberarticles.com. http://uberarticles.com/finance/tough-cash-brokers-for-land-based-lending/


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