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| Wednesday March 10, 2010 | Purchase, Refinance or Cash-out Refinance | ||||||||||||||||||||||||||||||||||||||||||
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Loan Type: Hard MoneyCapital Development offers Hard Money loans in the states of Colorado & California only. "Hard Money" loans refer to non-conventional real estate loans. They are usually funded by private money sources and not banks or pension funds, etc. Interest rates and points on such loans are usually higher, and terms usually range from 3 to 12 months. Hard Money loans have one basic requirement, there has to be substantial equity in the property to give the lender a reason to invest their funds. Investors seek hard money loans as conventional financing may not be an option or it would take too long to secure. For specific guidelines, click below: Colorado Hard Money Guidelines California Hard Money Guidelines
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