Here are the top ten reasons to consider hard money loans for your financing needs:

1) Banks won’t lend to you because you currently own too many properties.

2) Banks won’t lend to you because of credit issues, foreclosure issues or short sale issues.

3) Banks won’t lend to you because you are unable to document your true income through W-2′s.

4) You are purchasing properties in need of rehab (so the banks won’t lend to you).

5) Your commercial property does not meet the debt coverage ratio required by the banks (so they won’t lend to you).

6) You are not a US citizen, but would like to purchase property in the US.

7) You are purchasing a distressed income producing property that is not stabilized and you need a short term bridge loan to stabilize the property in order to obtain traditional financing.

You want to finance any type of construction or construction completion.

9) You want to finance any type of land purchase.

10) You have other unique situations in your credit history, ability to document income or are securing the loan with a unique property type.

Of course, there are many other reasons why you may want to use hard money to finance your real estate transactions, but these are the top ten we hear about these days. If you are in a situation where the banks won’t lend to you, call us today at 877 462 3422. Usually we can let you know if we can potentially help finance your project with a five or ten minute phone call.