Private lenders primarily focus on the profitability of the deal you are considering. They have to calculate the Loan-to-Value ratio to measure the risk. But traditional financial institutions look at your creditworthiness and the collateral.
Common Funding Prerequisites for Hard Money Lenders
Are you looking for a loan to finance your real estate project or business? If you have decided to go the hard money lending way, it is important to understand certain basic yet crucial requirements.