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Wholesale hard money mortgage loan lenders do not dominate the hard money lending landscape unlike the government and agency lending channels for real estate. Even though most of the hard money lending is done through direct origination by the private money investors, a good number of lenders do originate loans through the broker channel. Wholesale hard money lenders do utilize the wide network of retail mortgage brokers and middlemen to originate real estate loans.

Wholesale Hard Money Mortgage Lending Sources

Working with a broker saves time for both the hard money investor and the real estate investor. The streamline lending guidelines and rate sheets are usually provided to the hard money brokers who use their marketing resources to solicit loans to real estate investors who don’t fit the rigid loan framework of the banks and mortgage lenders. Most of the hard money loan brokers place their hard to close loans through wholesale hardmoney sources.

Commercial Wholesale Hard Money Lenders

If the real estate investor seeks a loan on commercial properties that don’t quite match the general guidelines, commercial real estate brokers usually place their loans through wholesale hard money lenders. Commercial properties encompass all sorts of properties beyond residential properties. Offices, apartments, retail malls, health care facilities, industrial buildings are just a few of the varied property types that qualify for commercial hard money loans from lenders. The amount of paperwork and pre-qualification involves in processing these income producing properties warrant the involvement of efficient and experienced commercial hard money brokers. These brokers can structure the loan documentation and other qualifying criteria in a format that meets the requirements of lenders for quick processing and approval.

Residential Wholesale Hard Money Lenders

Wholesale hard money lenders finance residential properties which are usually property types with no more than four units. They can be single-family town homes, condos, two-unit duplexes, three-unit triplexes, mixed use properties with four units and residential building structures with less than four units. Residential real estate mortgage brokers have a huge retail footprint which allows them to interact with investors seeking financing for their unconventional loan scenarios. Rehab and fixer-upper developers seek hard money loans that allows them finance not only the acquisition cost of the property but also the funds needs to fix the properties to bring them up to marketable and rentable condition.

Bridge hard money loans which provide short term funds can be availed on all forms of real estate including commercial and residential structures, and raw land. Construction loans and equity loans can also be financed this way. Investors with bad credit find it hard in the current credit climate to procure a loan, but hard money can it possible for them to get the financing they need provided the equity in the property which as the collateral makes up for the credit deficiency.

Borrowers and home owners who are facing foreclosure for not making their mortgage payments but have sufficient equity can find a suitable wholesale hard money lender through their mortgage brokers. Business loans for expansion, acquisition and development purposes can also be financed. When time duration required to secure funding is short, then real estate investors and businesses have limited choices with traditional sources. In those crunch situations seeking a wholesale hard money loan through experienced and well connected brokers might be the prudent and sensible option.

Find Wholesale Hard Money Lenders

Our comprehensive hard money mortgage loan lender directory contains wholesale lenders along with brokers who work with them. Find a wholesale lender closest to the area in which the property is located. Working with local lenders and brokers makes the process much smoother and faster as they are usually well-versed in proximate areas. To succeed as a real estate investor, establishing good lending relationships with private money investors is critical. Bank owned reo properties that are flooding all the real estate markets especially Florida, California and Nevada allow great opportunities to profit, but one needs to act fast to finalize a contract and close the deal. In these situations lining up financing with a good hard money lender can make a huge difference. It can make or break the deal.