Hard money loans are asset-based loans that can fund any real estate investment. These loans are based on the property value. There is no need for background checks or credit scores. Some lenders even offer hard money loans based on the after-repair value of a building. Hard money lenders make finance house flipping with their asset-based loans.
Alternative lenders have their pros and cons. Which one wins out? It depends on a number of things. How much funding do you need? How soon do you need it? This and more can help you decide if alternative financing options are right for your business.
Many business owners have no clue what their business is worth. Most think it is worth more than it actually is, though some may not recognize the gold mine they are sitting on. Knowing what your business is worth can change the way you view your business. You can begin to recognize what you have to work with.