What do you need financing for?
To help us understand your needs you'll want to explain what the funds will be used for. For every borrower the situation is unique. If you're a real estate flipper you might need funds to purchase a property, while a small business owner might need it for expansion. Before we meet it's important that you get a handle on exactly how much you need and what you're planning to use it for.
What assets do you have?
Hard money lenders use loan to value, or LTV, to determine total loan size. Do you know what assets you have so that we can determine the funds we can make available to you? Start with assets you own outright, as hard money lenders will typically not take a second position on a property or equipment. Some exceptions can be made however so note these as well. Real estate and assets that don't depreciate should be prioritized, everyone knows a car is worth less once it's driven off the lot but a building doesn't generally lose value after a year of ownership.
How long do you need the loan?
Hard money loans are almost always interest-only, with a balloon payment coming at the end. This is so that there are lower monthly payments and that enables the borrower to delay the principle payment to the end. For real-estate this could be after a property is flipped, or after repairs are made and a conventional mortgage is available through a bank. For a small business it might be until a Small Business Administration 7(a) loan is available. We'll need to know how long you're going to need your funds to determine whether or not we'll be an appropriate fit for your lending needs.