Hard money lenders are known for some key things. We work quickly, we tend to favor streamlined approval and underwriting processes, and we will undertake loans that traditional lenders will not touch. But there is more to hard money than meets the eye. Dig a little deeper and you discover there are even more reasons to prefer hard money and bridge loans from firms like Actium Partners.

Below are two less talked about aspects of hard money. Both benefit you, as a borrower. Give them some thought if you have been considering hard money but need something to push you over the finish line.

1. We Are Direct Lenders

First up is the fact that hard money lenders are direct lenders. As such, we provide funding directly to borrowers without having to involve third parties. Hard money lenders do not have to work with brokers, mortgage companies, and other intermediaries. We work directly with our customers.

Direct lenders also benefit borrowers in the sense that we lend from our own resources. With direct access to capital, we are able to do things a bit differently. For instance, we can apply common sense to our process. That takes us directly to the second point.

2. Common Sense

Working with traditional lenders can sometimes make borrowers feel like financial institutions no longer practice common sense. There could be any number of reasons explaining why, including burdensome regulations that don’t tend to be very flexible. But common sense prevails in hard money.

The reality of commercial real estate financing is that every deal is different. Every borrower is looking at a unique set of circumstances, some of which require creative financing options. The rules and regulations traditional lenders must follow do not always fit nicely into what a borrower is doing. And oftentimes, such rules and regulations don’t make sense in the context of what a borrower is currently working on.

We hard money lenders are not governed by the same set of rules and regulations. We have the ability to be flexible. We can be creative in how we finance a borrower’s needs. We can apply common sense rather than relying on a static set of rules and regulations that might not fit.

You Know the Rest of the Story

If you are familiar with how hard money works, you know the rest of the story. You know that hard money lenders can work extremely quickly, often in days rather than weeks. Need a real estate bridge loan to close a time sensitive deal before the seller backs out? No worries. Are you working on a 1031 exchange with a lot of moving parts? We can make the funding part happen.

One of the things repeat borrowers appreciate so much about Actium Partners is our ability to work through even the most complex scenarios. We find ways to help borrowers reach their goals. And we do so with speed, flexibility, and a streamlined underwriting and approval process.

Tell Us What You’re Working On

Actium Partners funds hard money and bridge loans for real estate in Utah, Colorado, and Idaho. We are always looking for new opportunities to fund borrower projects. If you are working on something for which traditional financing just will not work, we urge you to contact us. Tell us what you are working on.

Remember that we are a direct lender with capital available from our own balance sheet. In addition to speed and streamlined underwriting, we apply common sense to every loan application. If we can make it happen for you, we are more than willing.