Hannah HammondFounder & CEO, HB Capital & The Firm RE · CEO of HB Capital | Helping CRE Developers & Investors Fund Deals Nationwide | Host of The Hannah Hammond Show

What is hard money lending you ask? Let me explain it to you very quickly! #business

Name: What is hard money lending you ask? Let me explain it to you very quickly! #business
Uploaded: 2024-06-14T02:04:46+00:00
Duration: 32 s
Channel: Hannah Hammond
Description: Short YouTube clip in which Hannah Hammond explains hard money lending for new real estate investors: privately pooled capital (personal funds or…

14 Jun 2024 · 1 min

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Short YouTube clip in which Hannah Hammond explains hard money lending for new real estate investors: privately pooled capital (personal funds or investor funds) lent to investors to quickly purchase property, enabling competition with cash buyers and avoiding slower conventional mortgages. Emphasizes speed of purchase and the adage that profit is made on the buy.

Chapters

So if you're new to real estate investing, you probably have been hearing the term hard money lending. Hard money lending is basically a private group of money, whether it's my own personal money or that person's personal money, or a fund of investors, money pooled together that they're going to lend to an investor in order to purchase real estate. Because when you find a good opportunity, you are competing against cash buyers or people with hard money, and you do not have the time to go to a bank and get a conventional mortgage, even though the interest rate is a little bit better getting a conventional mortgage, you're going to miss out on those deals. And what do they say in real estate? You make your money on the buy.