Don Hensel has been involved in the hard money lending business since 1979. north coast financial and its affiliates have funded over $750 million in hard money real estate loans in California. These loans have been secured by single family residences, multi-family residences, commercial buildings, and land.
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The new players are private equity firms, hedge funds, investment banks, insurers and once obscure entities known as “business development.
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Hard money lenders provide capital to businesses and individuals for the purchase of real estate or to finance business development projects. hard money loans are most commonly used for real estate.
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“When businesses exploit their workers by cheating them out of their hard-earned money, families have less in their pockets.
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A hard money lender determines the value of the property through a BPO (broker price opinion) or an independent appraisal done by a licensed appraiser in the state in which the property is located. The interest rates on hard money loans are typically higher than the rates charged for traditional business loans.
Rise in internet users has compelled customers to use plastic money instead of keeping hard cash. As stated by several banks, the new age segment has been one of the key factors enforcing sale.
I started the 100% financing program with Do Hard Money putting down $3000, which was every penny I had! I explained this to Steve and he assured me that the only other money I would have to come.
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