Hard money loans are often the way real estate investors are able to purchase distressed properties that bank loans don’t always allow. Both new and experienced investors use this type of loan as a lender can help offer oversight into the overall project and help investors to scale their businesses by having funds readily available. On this MAREI PartnerCast episode, Britton Asbell, of Crossroads Lending, explains the steps required to obtain a hard money loan. Learn what a draw process means, how LTV (loan to value) factors into a loan and hear tips on rehabbing from this expert in the industry.
If you have further questions or would like to get in touch with Britton Asbell about a hard money loan, you can visit their website or call him at (913) 295-8083. He also hosts regular ‘KCLend Whiteboard Sessions’ you can find on our calendar here.
Also check out our full directory of MAREI Business Associates for all your real estate investing needs.
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