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Aspen Financial Partners, LLC is pleased to announce additional conduits for funding hard money commercial & residential loans ranging from $2MM – $100MM throughout the U.S. Denver, CO, August 28,
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HSBC and Yorkshire pull out of interest-only residential mortgages – The move out of the loans, which allow borrowers to raise a mortgage and only pay off the interest each month, leaving the original debt to be cleared at the end of the term, affects residential..
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With a $1 million investment from the owner of a bagel company – "he thought residential real estate was a pretty. up with that idea” of offering alternatives to banks and "hard-money” lenders.
One such advantage: The approval process for a hard money loan is often much quicker than applying for a mortgage or other traditional loan.
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Hard money loan – Wikipedia – A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%,  because of the higher risk and shorter duration of the loan.
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