

1,638,924
Speed, no credit checks or major loan apps. I've used seller financing, rent to own and Hard Money for 3 of my investment properties when I was in my 20's.
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Thomas J. Nelson, REAL...
La Jolla, CA
1,713,581
Helping the private investor to make more money off of you because you can't go traditional financing.
1,545,944
8,232,673
3,986,529
They may take a lower credit score, but otherwise, I have not seen a great advantage
602,081
It can be much easier than a bank. I network with a lot of investors that use "hard money lenders" to purchase, particularly on larger commercial properties.
1,657,402
If you need money quick or/and for a short time, the hard or private financing would be a convenient choice.
2,686,227
They may be more flexible about FICO scores, etc. but usually higher on points and rates.
6,763,393
5,344,654
4,273,331
2,234,865
This is generally good for those that can't get traditional funding. Although the terms should be carefully reviewed. I have seen interest only loans and very high interest rates.
5,200,420
The investor may be willing to provide financing in situations where the borrower cannot otherwise get credit. Could potentially close faster and may overlook issues such as low owner-occupancy levels in a condo complex
773,216
Enabling a client to purchase when they don't qualify for standard financing.
4,412,698
921,504
Close fast.
Close on non-conforming property.
Disadvantages
High interest.
You are not the real buyer.
Private lender has final say. This usually means submitting your proposal for review or modification.
929,395
Looser credit requirements, but more expensive. Watch out for predatory terms such as 2-year bullets, for example.
5,281,534
809,308
All of the above answers. Inability to qualify or need for short term quick financing.
2,717,363
5,174,971
Faster closing time, ad more lenient credit conditions. Their motto where there are risks there are rewards.
1,157,847
It depends on the particular situation including both parties to the transaction and terms of the transaction.
1,466,257
abby tiscareno Private investors may be a little more lenient with buyers. The buy may have to pay a higher interest rate for this leniency.
225,576
5,585,039