Many hard money lenders are private lenders who offer an alternative way to finance for borrowers who are not qualifying through banks and other lenders.

Hard money lenders focus mostly on the equity a borrower has in a property as opposed to focusing on the borrower’s financial situation. The hard money lender looks at equity as security and if the borrower defaults on their loan, the property will have enough value for the investors to recoup their investment of the loan.

One good reason to use a hard money lender is because they can close quickly and on your timeline. Traditional financing rarely can work on your timeline. The current real estate market is competitive, make your offer stand out with a quick closing and have your hard money lender, like Murk Investments, be ready to close when you need to.

Hard money lenders tend to also offer more flexible terms than conventional lenders. Popular hard money loans offer bridge loans and fix & flip loans.

Hard money lenders are also a desirable choice for those who have poor credit or a lack of consistent income. Many real estate investors are not receiving steady pay checks, this can be a problem for traditional lenders. Hard money lenders can look at your assets and/or what your cash supply is, in determining your eligibility for a loan.

When it comes to real estate investments, hard money lenders are key for making many deals happen. The costs of going with a hard money lender may be higher than a conventional bank, but hard money lenders can offer terms and timelines that a bank cannot.

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.

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