I know a rate and term battle could make a difference.. but what else should one look out for when looking at hard money?  Examples are as follows...

What is the LTV vs.. LTC of the loan?  Do they need an apprasial or not?  What are the hard cost to borrow?  

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  • Beyond the costs associated with the loan, a consideration should be how useful they will be in helping you grow your business (if that is the plan). Some lenders handcuff your growth (limit the loan size, limit the number of open loans, etc.) Also, do they do other things besides just lend. The last crash took many lenders that were just lenders........out of business.
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Top of the day to you.If you ever need financing/refinancing or loans of any kind for your deals, fix and flips,buy and hold etc. We will finance you if the deal is worth it. We fund up to 100% of your costs(rehabs and new). We also specialized in p…
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"Beyond the costs associated with the loan, a consideration should be how useful they will be in helping you grow your business (if that is the plan). Some lenders handcuff your growth (limit the loan size, limit the number of open loans, etc.) Also,…"
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Stephen Moskowitz commented on Nick Tang's blog post Directory of Private & Hard Money Lenders
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