Real Estate Investing Dictionary

Longmont Hard Money

Longmont Hard Money

A “Hard Money” loan is asset-based, meaning the loan is considered primarily on the value of the hard asset (usually real estate) collateralizing it.  This is in contrast to a traditional bank loan which relies more heavily on the borrower’s qualifications – their credit and income. Hard money loans fill a crucial niche in the real estate industry by allowing investors to secure the funds they need without all of the red-tape involved with a traditional mortgage.

The  Investor's Source LLC provides Longmont hard money loans.