DELUXE FUNDING

Private money is lent by a private person and/or organization. Loan terms can vary greatly from lender to lender. Private money lenders can use whatever criteria they're comfortable with when deciding whether or not to lend to a person or entity. They usually lend on the asset and not the borrower's FICO score or prior credit history... Hard money is a loan that's also acquired through a "hard asset", such as real estate. So, a hard money lender is a lender that uses the value of the asset in deciding both the loan amount and the rate. Most hard money lenders ask for FICO scores, tax returns, or other indicators traditionally used by conventional lenders.

Also known as: Deluxe Funding, LLC

Primary location: Suwanee United States