One thing that makes the acquisition of hard money so desirable is its speedy execution process. Hard money lending features a more streamlined process that allows you to quickly reach the fund release phase within just days of sending your application. Upon submitting the complete set of requirements needed to make sure that your application works out well, you can expect everything to be processed so closing will be completed within just a few days. You can even find private lenders offering this type of loan who can provide you with a proof of funds letter which you can use to buy properties as an all-cash buyer. This can boost the attractiveness of all your offers.
Another thing that makes hard money so attractive is that most lenders in this industry are also investors like you who fully understand your needs so you can expect them to provide you with the most suitable and favorable program. Private lenders are also usually eager to offer loans related to the actual worth of your property once the necessary fixes or repairs are already completed.
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