What Do Hard Money Lenders Want?

[Lilly Gilmore]

They are entrepreneurs like everyone else who got in the real estate field. While it is true that a borrower’s credit rating and current financial status are not important to hard money lenders,

These non-traditional financiers still want to receive the assurance
that you will pay them back. Therefore, it would be wise to gather your
W-2s for the past years, as well as your latest bank statements to
allay the lenders’ “fears.”

[Lea Simpsons]

Like real estate investors, hard money lenders are businessmen. They also jump at a good opportunity.
These are the common requirements of hard money lenders from the borrowers

1. Under Creative Commons License: Attribution
2. Guarantee that you can repay the loan promptly
3. Provide enough time to estimate your collateral.
4. Be courteous.
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Lea Simpsons
The Ultimate Real Estate Investing Guide - REHAB-REAL-ESTATE.COM

[Joe Dube]

It's my experience that they want you to have some "skin in the game", meaning they want you to put cash up as a down payment. That way they're financing a very small portion of the deal and if the loan defaults they will have a good property cheap after they foreclose. Hope this helps...

Dubeman
www.reiwired.com