Texas Commercial Loans

What’s Involved in Getting a Hard Money Loan Hard money loans are a way to finance a real estate deal. Trouble is, too many people don’t know what this financing is or what’s involved. It’s a strange sounding term but its effectiveness is something that makes it a great resource. Like all things in life, there are pros and cons to hard money loans. But, these can serve as a valuable tool, particularly when understood. What’s Involved in Getting a Hard Money Loan You already know what a mortgage is and probably know there’s also a commercial counterpart for buying different kinds of real estate. But, commercial real estate loans or even loans to purchase multi-family housing are difficult to obtain. The reason for this is because the property in the transaction isn’t a primary residence. And, it’s also occupied by renters or lessees. So, there is a lot more risk to lenders. Moreover, these properties are a lot more expensive and that also adds greatly to lenders’ exposu