--- title: What do Private or Hard Money Lenders look for when evaluating your loan? description: Before you decide to work with a private or hard money lender, you need to understand what companies are looking for during the application process. image: https://www.trustdeedcapital.com/hubfs/Stock%20images/Broker%20making%20a%20presentation%20to%20a%20young%20couple%20showing%20them%20a%20document%20which%20they%20are%20viewing%20with%20serious%20expressions.jpeg --- [![Trust Deed Capital](https://www.trustdeedcapital.com/hs-fs/file-16494019-png/images/trust-deed-capital-logo.png "Trust Deed Capital")](https://www.trustdeedcapital.com/) CALL 1 (888) 563-5588 Search ![Hard Money Lender Investors](https://www.trustdeedcapital.com/hs-fs/images/blog.png) ## [What do Private or Hard Money Lenders look for when evaluating your loan?](https://www.trustdeedcapital.com/blog/what-do-private-or-hard-money-lenders-look-for-when-evaluating-your-loan) Posted by [Ken Meyer](https://www.trustdeedcapital.com/blog/author/ken-meyer) on Tue, Sep 19, 2017 - [Tweet](https://twitter.com/share) ![hard money bridge loan](https://www.trustdeedcapital.com/hs-fs/hubfs/Stock%20images/Broker%20making%20a%20presentation%20to%20a%20young%20couple%20showing%20them%20a%20document%20which%20they%20are%20viewing%20with%20serious%20expressions.jpeg?width=449&name=Broker%20making%20a%20presentation%20to%20a%20young%20couple%20showing%20them%20a%20document%20which%20they%20are%20viewing%20with%20serious%20expressions.jpeg "hard money bridge loan")Did you recently spot a property you wanted to buy but didn't know how you could get it [financed](https://www.trustdeedcapital.com/blog/the-ultimate-cheat-sheet-for-acquiring-fix-and-flip-financing-from-hard-money-lenders)? Depending on your financial situation, you may want to consider using a hard money lender since they can give you a quick loan to finance the real estate deal.   Before you decide to work with a private or hard money lender to purchase your next property, it's important to understand what those types of companies are looking for during the application process. Ultimately lenders look at several factors when they are evaluating a potential loan.   First, [hard money](https://www.trustdeedcapital.com/the-best-of-hard-money-articles) lenders use the value of the property as a basis to determine how much money to loan the borrower. Sometimes the borrower may own the property already and want to use it as collateral to purchase another property. Private money lenders typically do not take the borrower's credit rating into account during the decision process. This means if the borrower has a bankruptcy on their record or previously foreclosed on a home, they may still be eligible to obtain a loan if they have enough capital to pay the loan interest.   Another factor hard money lenders take into consideration is the borrower’s plan for the property. They should have a well thought out, detailed plan that demonstrates how they intend to pay off the loan. Perhaps they plan to rehab the property or rent it out for cash flow. The lender may also factor in how much money the borrower personally invested in the deal and the property's neighborhood and potential market value.   Please [contact us](https://www.trustdeedcapital.com/contact-us) today if you are looking for a trusted lender to finance your property. One of our team members can meet with you and answer questions. We specialize in helping investors, borrowers, realtors and brokers meet their real estate investment needs.   [![New Call-to-action](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/115318/8e98db3f-db9c-4359-82c7-09cb77ecd993.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/115318/8e98db3f-db9c-4359-82c7-09cb77ecd993)[![Do I Qualify for a Hard Money Loan?](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/115318/825238e7-1ebf-4e9a-960f-50d93dc08439.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/115318/825238e7-1ebf-4e9a-960f-50d93dc08439) ### Have Questions? 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