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Understanding Hard Money Lending: The Advantage of Choosing Mortgages Done Right

Understanding Hard Money Lending: The Advantage of Choosing Mortgages Done Right
June 14, 2024 MDR Broker


In the dynamic world of real estate, securing the right financing can make all the difference. For those needing quick and flexible funding options, hard money lending, also known as private money loans, can be a game-changer. At Mortgages Done Right, we bring over 30 years of industry experience and a network of more than 30 investors to provide tailored solutions for your unique financial needs in Florida.

What is Hard Money Lending?

Hard money lending is a form of short-term loan secured by real estate. Unlike traditional bank loans, which rely heavily on the borrower’s creditworthiness and income history, hard money loans are primarily asset-based. This means the loan is secured against the value of the property itself, making it an ideal solution for those with less-than-perfect credit or those needing rapid funding.

Key Features of Hard Money Loans

  1. Quick Approval and Funding: One of the most significant advantages of hard money loans is the speed at which they can be approved and funded. Traditional bank loans can take weeks or even months to process. In contrast, hard money loans can often be secured in a matter of days, providing immediate access to capital.
  2. Flexible Terms: Hard money lenders can offer more flexible terms compared to conventional lenders. This flexibility includes the ability to negotiate interest rates, repayment schedules, and loan durations to suit the borrower’s needs.
  3. Focus on Property Value: The primary consideration for hard money lenders is the value of the property being used as collateral. This focus allows borrowers with less-than-ideal credit scores to still qualify for loans, as long as they have valuable real estate to offer as security.
  4. Short-Term Solutions: Typically, hard money loans are designed for short-term needs, usually ranging from 6 months to a few years. They are often used by real estate investors looking to finance fix-and-flip projects or by individuals needing bridge financing until they can secure long-term funding.

Why Choose Mortgages Done Right for Hard Money Lending?

  1. Expertise and Experience: With over three decades of experience in the mortgage industry, Mortgages Done Right understands the complexities and nuances of hard money lending. Our expertise ensures that you receive the best possible advice and support throughout the loan process.
  2. Extensive Network of Investors: Our extensive network of over 30 investors allows us to offer competitive rates and terms tailored to your specific needs. This network also ensures that we can quickly find the right funding solution for you, regardless of the size or scope of your project.
  3. Personalized Service: At Mortgages Done Right, we pride ourselves on providing personalized, client-focused service. We take the time to understand your financial goals and work with you to create a customized loan package that meets your needs.
  4. Local Knowledge: As a Florida-based company, we have an in-depth understanding of the local real estate market. This local knowledge enables us to offer insightful advice and support, helping you make informed decisions about your investment.


Hard money lending can be an invaluable tool for real estate investors and individuals needing quick, flexible financing solutions. With Mortgages Done Right, you gain access to a wealth of experience, a robust network of investors, and personalized service designed to meet your unique needs. Contact us today at 561-556-9610 or visit our website at Mortgages Done Right to learn more about how we can help you achieve your financial goals.

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