The Difference Between Hard Money and Bank Loans

The Difference Between Hard Money and Bank Loans

Bill Fairman and Wendy Sweet of Carolina Capital Management talk about hard money and bank loans. While both are necessary in certain places and times, the most important thing is to understand them.

Hard money is a high-interest, short-term loan that allows the borrower to purchase a property and fix it up. The way this works is that it is based on the after repair value of the property.

It is vital to understand these types of loans so you know what you need to get, when to get them.

Tune in now to find out more.

Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).

As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.

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The Difference Between Hard Money and Bank Loans
https://youtu.be/Uk3R151i_hg