What is an Asset-Based Lender?

By |2021-08-11T19:49:03-04:00August 22nd, 2021|Categories: Hard Money, Hard Money Loans|Tags: , , |0 Comments

If you’re a real estate investor – or if you’d like to become one – you need to know the differences between asset-based lenders and traditional lenders. This guide explains.  What is an Asset-Based Lender? An asset-based lender is a lender that gives business loans using a property as collateral. Generally, these lenders only work with real estate investors; they’re not here to help people become homeowners – at least not directly. Asset-based lenders give investors the money they need to improve a property that the investors intend to turn around and sell. Related: 3 critical tips to read before