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Types Of Private Money Lenders

Actually, only a small number of lenders really understand the whole concept of fix and flip of investment. The private hard money lenders are categorized into five basic types that are as follows:

1. The lender Residential

2. The commercial lender

3. Lenders Bridge

4. lender High end

5. lender Development

Among the five different types of lenders, you need to know the lender that would be suitable for your real estate investment.  You can also find private money lenders for real estate in https://www.baymountaincapital.com/.

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The fundamental difference between the lenders depending on the source of funds are categorized into-

Bank Lender type – This lender gives you money with the help of some financial institutions, in which they will sell or utilize your paper to earn money. These types of lenders will follow some rules and regulations set by some institutions.

Private hard money lender – These are the lenders who work in private. They lend money on a regular basis. The best quality is that they do not sell their paper to a financial institution or bank. They have certain rules and regulations, which are designed to help real estate investors.

Private Lenders That became Fix and Flip – you can easily find a residential hard money lender, who is actually into the fix and flip loans. 

These lenders also have rules and regulations as a typical bank or financial institution, but they are designed to work in support of real estate investors.