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	Real Estate Investment Who are Hard Money Lenders? Real Estate Investing How to get started Common mistakes Tips to finding a good deal   Property Investments Real Estate Option Tax Liens Wholesaling Seller Finance or 'Subject to' Short Sale or Pre-foreclosure Rehabbing Raw Land Mortgage Investing Birddogging Condo Hotel Hard Money Lenders Lease Option   Appraisal MARKET VALUE explained The term Hard Money Lenders are often used to finance projects that are unconventional, huge deals, or where money is needed quickly. Normally hard money lenders will lend up to 70-80% of the value of the real estate property regardless of the sales price, as against regular banks and other financial lending institutions and will usually close loans in 2-7 working days. Credit scores and proof of income are often overlooked by hard money lenders, however they may ask to see a business plan or else exit strategy for the project. They may get paid via points, for example 1 point would be equivalent to one percent of the total amount borrowed, interest rate at 10-20% per year is common, and an equitable interest rate. These will vary based on the size of the project and the contract that is agreed upon. Hard money lenders are also usually collateral based and always require first position on the property.