Many people turn to hard money lenders when conventional lenders are not willing to take on their deal because of the risk. Hard money lenders have more flexibility to take on certain risks, which is good for real estate investors.

When investing in real estate, here are the reasons you’d want to use a hard money lender:
Hard money lenders are known for speed and their ability to move quickly on deals that need to be done fast. More conventional lenders can take two or three months to finance a deal, which could mean you could lose out on a deal.

Hard money lenders setup a draw system for construction costs. A schedule is set when draws are done. Usually a simple inspection is required before new monies can be withdrawn. Kore traditional lenders will require you to go through separate processes for additional funds.

The more you work with a hard money lender, the better relationship you will develop, which means you have a better chance of being able to count on them the next time you need an awesome deal funded.

Hard money lenders allow people to enter the real estate market who couldn’t have entered in more traditional ways due to rigorous underwriting.

Unlike banks and other traditional lenders, hard money lenders do not hold a credit score against you. While this is still an important factor, it is not automatic.

Hard money lenders and loans give opportunities to investors that may not have another way to make these deals. These types of loans can help people make money investing on a real estate purchase.

At Murk Investments, we are local to the San Diego area and are comfortable working in this market better than a national or regional lender. We lend on properties in most San Diego markets. One of the most important factors we look at is the cash the investor is bringing into the deal. All of our loans fall under a 65% loan to cost. We help you use a hard money loan to maximize the potential of a short-term real estate investment opportunity.

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