What Is A Hard Money Lender In San Diego?

A hard money lender is a private investor who provides short-term, high-interest loans secured by real estate. Hard money lenders provide loans that are secured by a borrower's real property rather than their creditworthiness.

These loans are designed for investors who are looking to purchase or refinance properties quickly. If you want to know more about hard money lenders in San  Diego, you can also check out Wilshire Quinn Capital.

Hard money lending is a niche area of financing that is typically used for investment properties. The loans are designed to help borrowers finance a variety of real estate transactions, including fix-and-flip projects, bridge loans, and rental properties.

Hard money lenders usually charge higher interest rates than traditional lenders, and the terms of the loan are often shorter. This is because they are taking on a greater risk by offering a loan to an investor, rather than a borrower with a good credit score.

Hard money lenders also typically require a higher down payment than traditional lenders. This is because the lender is taking on more risk by lending money to someone with a lower credit score.

Overall, hard money lending is a great option for investors looking to purchase or refinance a property quickly. The higher interest rates and short terms make these loans more expensive, but they can be a great way to finance a real estate deal.