A hard money loan doesn’t receive its name because it’s difficult to obtain, but at the same time, it’s not easy money. Several myths are attached to the term, but this one ranks near the top.

The Language of Real Estate Investing: Hard Money Isn’t “Easy Money”

If you’re new to real estate investing, you’re probably learning a whole new language. So what’s a hard money loan?

A hard money loan is a secured real estate loan for investment purposes. The property, either residential or commercial, is used as collateral in case the borrower defaults.

Some believe, despite its name, that this type of loan is easy money for two reasons: First, the lending process is typically faster. Second, there isn’t as much red tape with a hard money loan as there is with conventional financing.

While these two things are definitely true, a hard money lender is taking an enormous risk. You’ll still need to prove that you’re able to repay the loan, and we’ll also want to see that you’re invested in the property.

Do You Need a Hard Money Loan in Atlanta?

If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.