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Before approaching private money lenders, a real estate investor should keep in mind that these loans for investment properties are secured by a promissory note or the existing mortgage on the income property. Thus, if property investors don’t pay off the loan in due time, private money.
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I know, all over the Internet it says you can get 100% hard money loans for your deals. And you can, IF you have a true private lender or friend financing you. You may even find a reputable person to partner on a deal with you, and bring in funds. Beware of websites promising 100% Hard Money Loans.
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Private Money Lending Guide helps you connect with private money lenders for real estate. Get access to lenders that will fund your real estate.
Just as with home mortgages, banks and independent lenders are actively involved in making loans on commercial real estate. Also, insurance companies, pension funds, private investors and other.
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