Beware of Hard Money Lenders

Hard Money Lenders

Hard money lenders are companies or private investors who offer a specialized type of real-estate backed loan. Hard money lenders typically have much higher interest rates than banks because they fund deals that do not conform to bank standards. Hard money loans are more expensive because they are not based on traditional credit guidelines.

SNC vs. Hard Money Lenders

If you're thinking about getting a hard money loan, take a minute to investigate another option: bridge loans from SNC. Hard money lenders want you to believe that using hard money lenders is your only available option for last-resort financing. A bridge loan from SNC provides lower overall cost to you, greater flexibility, and more security than hard money lenders can offer. Don't get stuck with hard money lenders. Contact us today to learn more about the benefits of a bridge loan from SNC.

SNC compared with Hard Money Lenders

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