What is an “International Hard Money Loan”?
The term “International Hard Money Loan” as it is referred to in the real estate or lending world, is a type of non-bankable loan. Usually this means a loan where the lender can approve the loan request based upon the actual cash value of the underlying assets and the equity in the assets, side stepping much of the usual time consuming documentation and verifications that a traditional lender or bank, might require to lend the same amount of money under “Soft” terms. International hard money loans are those loans usually funded at a higher cost to the borrower, either because they are non bankable by a traditional lender or bank, and/or the borrower is in a hurry and can’t afford to wait for weeks or months for a traditional lender’s approval. After all, we all know that time is money and every extra day longer it takes to get your loans funded, the more money you continue to loose. Additionally, a international hard money loan is based upon the value of the real assets or collateral a
