An example of a hard money lender is a private individual or company that specializes in providing short-term loans for real estate investments. Such lenders typically have flexible underwriting standards and are willing to work with borrowers who have poor credit or a limited track record of success.
Black Tie Lending offers a range of loan options and typically focus on providing financing for fix-and-flip projects, bridge loans, and other types of real estate investments.
It's important to note that not all private lenders are hard money lenders. While both types of lenders provide non-traditional financing options, hard money lenders specifically cater to real estate investors and offer higher interest rates and fees than traditional lenders.
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October 2023
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