WHAT'S HARD MONEY?

You might've heard it called a few things, like "Private Money," "Bridge Loans," or even "Flexible Financing." They're pretty much all talking about the same thing.

Instead of looking at your personal details, this kind of loan focuses on the property itself. The loan is usually backed by the property as a safety net.

In short, if you've found a good property deal, you can get the funds for it.

Why use private money?

While traditional loans depend on the borrower’s credit score, employment status, debt to income ratio etc., private money offers other creative ways of qualification. The majority of the time, private money loans are secured by the property that is being acquired or by another asset.

Although private money lenders like ArrowCap work by connecting a private investor with a borrower, these loans are still required to follow banking laws. These kinds of loans are great for business capital and are not recommended for private consumer debt purposes.