Avoid Hard Money Loans

What are Hard Money Loans?

Hard money loans are a species of real estate loan collateralized against the quick-sale value of the property for which the loan is made. Hard money loans are a form of last-resort financing used when an existing mortgage is in arrears or where bankruptcy and foreclosure proceedings are occurring. Hard money loans are usually issued from a private investor.

Should I Use Bridge Loans or Hard Money Loans?

With a bridge loan from Security National, you also get the security and affordability that you want but can't get if you use hard money loans. Security National Capital has a track record that out performs any hard money loans lender. If you're just looking to bridge a financial gap and want to use a trustworthy, experienced lender who will be sensitive to your needs, use a bridge loan from SNC and not hard money loans.

Bridge Loan Benefit Breakdown

Loan Source	Bridge Loan from SNCLoans	Hard money loans from a Private Investor
Interest Rates	Around 10%	15-20%
Overall Cost to you	Lower	Higher
Stability	In business for years, portfolio company	Depends
Prepayment penalty	No	Depends