Private money lender | |
A private money lender is a person or organization that lends real estate-backed loans, generally for investment, based on the value of the property rather than the creditworthiness of the borrower, outside of conventional institutions. Private lenders tend to present more favorable terms and quicker approval than banks due to their emphasis on the value of the property. Private money lenders are typically utilized for fix-and-flip transactions, real estate development, or bridge financing. The terms and interest rates can differ significantly based on the lender, the property type, and the individual circumstances of the borrower. Private money lending can be a useful alternative for real estate investors who need quick financing or who do not qualify under the strict standards of traditional lenders. | |
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| Target State: California Target City : All Cities Last Update : Mar 12, 2025 1:32 AM Number of Views: 56 | Item Owner : Bull Venture Capital Contact Email: Contact Phone: (844) 422-7069 |
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