hard money lenders?

Question

i am looking for a hard money lender
is there any in the uk
thank you for your help

Answer 1

Whats a hard money lender ??? Like a loan shark that breaks your legs if you don't pay up on time ???

Answer 2

confident, that's available. once you're seeking to purchase and turn residences in some state of foreclosure (might I advise pre-foreclosure). possibilities are high you will ought to apply a hard funds/fairness lender by way of fact classic lenders won't own loan funds to residences that have that variety of lien---it does not have marketable identify. additionally, lenders are no longer exciting in possessing actual materials-they're the lending corporation. hard funds lenders costs greater costs of pastime by way of boost in risk. I advise you get to comprehend some investors (seem up any actual materials investors' golf equipment on your section) and own lenders to back you up. this is a reliable concept to settlement your first deal so which you're making an hardship-free few grand. (make confident the settlement is assignable). once you sign the settlement at we could say $ninety,000 (and the industry fee is $one hundred forty,000) sell it to an investor via settlement turn for $a hundred and twenty,000. i do no longer care in the adventure that your hard funds lender replaced into charging 30%- you on no account had to pay a dime out of your pocket-according to risk purely an earnest funds depo.

Answer 3

In UK that's known as a Bridging Loan .. most Banks / Building Societies should be able to help.

Answer 4

Can you clarify this with how much and the purpose?