You've got your eye on a property, and you’re ready to take action, but first you need to get your funding lined up. The bank isn't an option on this one and you don't want to lose the opportunity, so you are looking for a hard money lender to help you make this investment happen. If this sounds like you, then you need to know how to find the best hard money lenders.

Can They Fund You Quickly?

A good hard loan lender should be able to close the deal in 10 to 15 business days and sometimes even less than that. Anyone who takes longer without significant extenuating circumstances affecting the investment is just wasting your time. One of the major reasons investors like you choose hard money lenders is because they offer much better turnaround time than traditional lenders like banks.

Hard money lenders issue short-term loans for individuals who are seeking to purchase commercial or residential real estate. Some hard money lenders also extend funds for people who are purchasing land. Most hard money lenders work in private practice and do not utilize conventional financing standards when extending credit. Most borrowers use hard money lenders as a temporary loan that will need to be repaid with an agreed upon fee schedule for the term of the loan. Hard money lenders service a particular niche of buyers who can't acquire financing through conventional methods. Now that you know what a hard money lender is, you need to understand their unique structure of extending credit.

The real estate market in the first quarter of 2014 showed certain resilience as the economic woes of the United States continued. The average selling price of single family homes remained stable while the multifamily market made some steady if meager gains. Here are a few lessons we learned in this market while we waited for the real estate market to truly recover.

The nation's economy has always been closely linked to the health of the real estate market; as a result, when the real estate market is booming, so is America's financial state. This symbiotic relationship stems from the influx of cash that investors spend on real estate investments. Fortunately, the investor's measures prove to be as advantageous for the economy as it is for the investor.

Hard money lenders offer quick loans on hard to finance properties. Not unreasonably, though, they charge for their unique offering. With this in mind, hard money isn't always the perfect solution for every investment real estate purchase. However, when you need a fast, flexible loan for a property that offers the potential of significant near-term equity growth, hard money lenders are hard to beat.