Hard money loans are usually provided by private investors and the only requirement is a collateral. Collateral can be in various forms such as land, car, house etc. but the value should be enough to repay the loan. Nevertheless, the advantages of hard loans include the flexibility, the speed of obtaining a loan and the simplicity of the procedure. As such, the types of hard money loans that are offered at LBC capital are for commercial, fix and flip land and construction purposes.
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