Vashon Mortgage LLC
Independent Discount Broker – NMLS #2431410 – (206) 761-1484
Hard Money Loans
A hard money loan is a type of loan that is secured by real property. Hard money loans are considered loans of “last resort” or short-term bridge loans. These loans are primarily used in real estate transactions, with the lender generally being individuals or companies and not banks.
- Hard money loans are primarily used for real estate transactions and are money from an individual or company and not a bank.
- A hard money loan, usually taken out for a short time, is a way to raise money quickly but at a higher cost and lower LTV ratio.
- Because hard money loans rely on collateral rather than the financial position of the applicant, the funding time frame is shorter.
- Terms of hard money loans can often be negotiated between the lender and the borrower. These loans typically use property as collateral.
Vashon Mortgage – NMLS #2431410
WA DFI Consumer Loan License #2431410
(c) 2022 – All rights reserved
Randal Collen, MLO #2386273
17147 Vashon Hwy SW, Ste. 105, Vashon WA 98070.