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What is Private Hard Money?
There are many different terms that this can go by. We are sure you have heard this referred as, "Private Money," "Equity-Based Financing," "Bridge Financing," or "Creative Financing," but in all reality, they all refer to the same thing.
This type of funding is a non-traditional financing that relies on the property. It's merits, rather than on the personal qualifications of the applicant. These types of loans are typically secured by a note and deed of trust in first lien position on the property. Basically, it is asset based.
In other words, if you have a great deal under contract, you can find the money to do the deal and Masoba Innovations wants to be your broker funding source!
This type of funding is a non-traditional financing that relies on the property. It's merits, rather than on the personal qualifications of the applicant. These types of loans are typically secured by a note and deed of trust in first lien position on the property. Basically, it is asset based.
In other words, if you have a great deal under contract, you can find the money to do the deal and Masoba Innovations wants to be your broker funding source!