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Top 25 Hard Money Lenders by Thomas A. Rothstein & Teresa Collo

Thomas Rothstein says, “Hard Money Lending is asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.”

The Alternative Funding Group (www.fundingyourrehab.com) says that “each lender was rated according to their willingness to work with a diverse group of real estate investors.”

Hard Money Lending

Those trying to obtain a loan for a car or a home know that the task is near impossible without having a good credit score. Any borrower, with a credit score of less than the elusive magic number of 700 FICO score, understands that the deal cannot be accomplished without putting down a bundle as down payment.

However, in the world of Hard Money Lending, Thomas Allen Rothstein says, “the approval of your loan is no longer contingent upon your credit score.”

The credit score of a potential borrower notwithstanding, the viability of the hard money deal is dependant on the actual collateral or equity position of the deal.

Hard money is not funded by banks, but by private investors. For such investors, the only criterion is the potential of profit in the deal. This is the reason they are not concerned with the borrowers’ credit scores; and use the properties under consideration as the collateral to secure the deal.

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Thomas A. Rothstein

http://www.thomasrothstein.com/Real-Estate-Investment-Funding.html Thomas A. Rothstein List of Top 25 Hard Money Lenders provide fast, equity based hard money funding for residential loans, commercial loans and land loans, regardless of credit score.

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