Unlike banks, which focus on a borrower’s ability to repay a loan, hard-money lenders usually look at the value of the collateral when deciding to make a loan. This is where Barrett Financial Group.
RCN Capital is a national, direct private real estate lender that specializes in providing short-term, hard money loans to real estate professionals.
Our loans, often called hard money loans, range from $50k to $2.5M and can be used for the purchase or refinance of non-owner occupied residential & commercial properties, financing of renovation project, and bridge funding.
BizBuyFinancing works with most of the recognized lending institutions in the business purchase financing marketplace. But our experience also extends to providing service for borrowers who can best meet their goals by tapping sources for hard money loans & private investors.
Hard money lenders are individuals or companies that have funds available for investment. To be a hard money lender, they have to be flexible and able to move quickly to take advantage of lending opportunities in the marketplace. They are not restricted to the rigid criteria of traditional business loans and traditional business sources.
In addition to providing new sources of capital, hard money and private investment lenders are able to fund the loans quickly. In most situations, a hard money lender can fund a project within a week.