Why Does Hard Money / Private Money Cost So Much?
As a Mortgage Broker in Florida (Palm Beach Gardens) my friend Matt Blum has built up a reputation as having many of these type of Hard Money Investors at his disposal. In his most recent post Why Does Hard Money / Private Money Cost so Much? on Palm Beach Gardens Mortgage Advice he does an excellent job explaining why it costs so much to use private money. In our article regarding reasons we shared a local example of how the used Hard Money when it opened its doors in under 100 days. They needed a lot of money, fast. They got it and were able to achieve their goal. Traditional lenders don’t always work that fast.
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