subject: Where To Find Florida Hard Money Lenders [print this page] As lending standards tighten throughout the country, more borrowers are turning to Hard Money Lenders in Florida to get the funds they need. But there are risks to hard money loans, and it's vital to choose a lender you can trust not to abuse the terms.
If you're looking for quick, hassle-free funding, here's a guide to finding the best hard money lenders Florida has to offer.
1) Start With Your Own Circle
Ask family and friends if they can refer you to Florida hard money lenders. Direct referrals are the best way to reach hard money lenders because they don't usually advertise or operate publicly.
Many of the hard money lenders Florida has are small companies or even wealthy individuals who simply specialize in high-risk lending. By reaching them through a mutual contact, you automatically establish a connection and ensure a good professional relationship.
2) Look For Mortgage Brokers
If you can't reach hard money lenders Florida through your own network, try working with a loan or mortgage broker. Hard money lenders often work with brokers specializing in small and start up businesses, the type of business most likely to need a hard money loan.
Join a real estate investment group and approach members to see if they can give you any leads. Most of them will be happy to, as they often get commissions for referring clients.
3) Check Business Listings
Look online or in local directories for professional associations in the lending industry. Better yet, look up hard money lenders Austin in trusted business listings such as the Better Business Bureau.
The BBB maintains a list of companies proven to do real, honest business and those that have received complaints or been flagged for fraud. Given the high risk involved in hard money lending, this is one of the best places to start, especially if you're new to the industry.
4) Read Financial Reviews
Browse through money magazines and look for any mention of Hard Money Lenders Florida. Companies that make it to established publications are generally trustworthy. If you're not sure, look them up as mentioned above.
Some publications, such as Scotsman Guide, even offer an online list of hard money lenders along with their limits, policies, and other essential information for potential borrowers.
by: Ryan Smith
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