Looking to Borrow?
See What We Can Do for You
Borrower Requirements for Hard/Private Money Loans Bedrock 1st Mortgage looks at
the Credit of the Tenant, lease
term, and Property Value.

As discussed earlier, Hard/Private money lenders are primarily concerned with the amount of equity the borrower has invested in the property that will be used as collateral. They are less concerned with the borrower’s credit rating. Issues on a borrower’s record such as a foreclosure or short sale can be overlooked if the borrower has the capital to pay the interest on the loan. The Hard/Private money lender must also consider the borrower’s plan for the property. The borrower must present a reasonable plan that shows how they intend to ultimately pay off the loan. Usually, this is improving the property and selling it or obtaining long-term financing later on.

Looking to Apply for a Loan?

Look No Further!

(858) 729.1833 C: (760) 803.0258
dick@dbigroup.com  
Follow Us  
1224 Prospect Street, Suite 150
La Jolla, CA 92037
Hours: Mon-Fri 8am-5pm |
Sat-Sun: Closed




Looking to Borrow?
Are You a Broker?