5 Reasons You Might Need To Consider Non-Traditional Financing
Private Money financing refers to loans collateralized by real estate, where the source of the funds used to close Real Estate transactions come from private investors. The decision by the investors to make a loan is based primarily upon plenty of equity in the real property securing the loan thus reducing the risk of loss. The ability to repay, and the borrower's character is also considered along with how the borrower will pay the investor back in time. Private Money loans are needed when a borrower or a property falls outside the standard underwriting rules of conventional lending sources like banks…