Money Lenders

Post free and unlimited Listings to Search for Money Lenders or View Listings of all Money Lenders at InternetLocalClassifieds.com. There are various types of money lenders who gives moeny on different interest rates. Example: Private money lenders, also known as hard money lenders, provide loans to individuals and businesses in instances where the borrower cannot qualify for conventional financing. The private lender funds the loan out of personal wealth or through a company or organization that is backed by sources of private money. Due to the higher risks involved in making non-conventional loans, the lender charges an interest rate that is typically much higher than the rate for a conventional loan to a creditworthy borrower. The private lender industry is typically made up of affluent people who are trying to make large returns on money they can afford to put at risk. Instead of making a lending decision based on the creditworthiness of the borrower, private money lenders look at the efficacy of the underlying transaction. These types of lenders most often provide funds for commercial real estate transactions where the property serves as the security for the loan, ensuring that the lender will receive either the interest expected or the asset to sell to recover the loan money. The private lender makes an assessment of how likely it is that the property can be made profitable in a short span of time to make the lending decision. Post listings to search for moneylenders on Private Money Lenders, Money Lender, Hard Money Lenders, Personal Loan, List of Money Lenders, Various Types of Money Lenders, Classifieds on Money Lenders, etc.., at InternetLocalClassifieds.com.