YOUR GUIDE TO PRIVATE MONEY LENDING
PRIVATE MONEY LOANS ARE AN ALTERNATIVE TO TRADITIONAL LENDING AND ARE GIVEN BY PRIVATE INVESTORS.
THESE LOANS ARE QUICK TO PROCESS.
THESE LOANS ARE NOT FULLY BASED ON THE BORROWER’S CREDIT SCORE.
THESE ARE SHORTTERM LOANS.
SINCE THESE ARE SHORTTERM LOANS, THEY USUALLY HAVE HIGH INTEREST RATES.
THESE LOANS HAVE FLEXIBLE LOAN TERMS AS THEY ARE GIVEN BY PRIVATE LENDERS AND NOT FINANCIAL INSTITUTIONS.