There are a number of reasons why investors might consider taking out a hard money loan instead of a conventional mortgage loan. Let’s discuss some of those reasons and then look at how hard money loans differ from conventional.
Small balance commercial real estate loans are a type of mortgage in an amount ranging from $250,000 to $5,000,000 (amounts vary by lender). There are many options for full documentation, low documentation, and no documentation small balance commercial mortgages.