subject: The Origin of Private Money Lenders [print this page] The Origin of Private Money LendersThe Origin of Private Money Lenders
But it has changed significantly from the old boys club where you had to know somebody to get into the club and these guys that were charging high interest rates which is still the case with private money lenders, they were lending based upon on the assets of the real estate not based upon the criteria the individuals which is still the case today for some hard money lenders or some hard money loans but many of the loans are done actually based upon the criteria of the individual which is something that I think that they need to get away from because it is really based upon value of the property not based upon the individual
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