$300,000 Second Mortgage – YMCA – Tarrytown, NY H&O Capital Funding recently closed a second mortgage for the YMCA of Tarrytown. The Y had to make some much needed repairs and needed a quick cash infusion to get it done. H&O Capital was able to get it done in under two weeks, allowing for …
Where do Hard Money Lenders get their Funding? Hard Money Lender funds come from one of three sources. Personal funds, a portfolio of investors or a public fund with money raised from many different investors similar to a REIT. The first, a lender who uses personal funds, is likely the rarest. There simply aren’t that …
Hard Money Loans Requirements Conventional Lenders and Hard Money Lenders actually have surprisingly similar loan requirements. Both types of lenders rely heavily on the loan to value ratio, however, one con for conventional lenders is that they also go through borrowers’ personal financials including credit scores. While this may be a pro for hard money …
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