
While investing in commercial real estate can be profitable, financing new acquisitions is anything but easy. Financing is especially challenging when investors go the traditional route. Why? Because traditional lending is not well suited to the risk profile that real estate investing usually represents. So investors turn to hard money. Here is the big question: what does an investor need to qualify for a loan?
Hard money is an attractive alternative to traditional financing because it’s fast. Loans can usually be arranged in a couple of days. Lending requirements are also less stringent, so approval is easier to get. But according to Actium Lending out of Salt Lake City, UT, private lenders will not give loans to just anybody. Utah hard money still comes with qualifications.
Here’s how to qualify for a hard money loan:
1. Bring Enough Value to the Table
Banks and credit unions lend based on a … Read more


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