The terms “hard” or “private money” are typically used to describe a company or an individual that’s not a bank but lends money anyway, usually under non-traditional qualifying terms. This type of lending relies heavily on risk, which means the fees around private money lending are typically higher than other, more traditional forms of financing. However, these companies are more apt than conventional lenders to approve your loan so long as you can provide adequate collateral, with the money sourced from private investors. Private money lending has received its share of criticism over the years, and there are questions if […]
The post A Guide to Private Money Lending appeared first on Ms. Career Girl.
