Private Lenders are non-institutional lenders that issue loans to borrowers for the purchase, and sometimes the renovation, of an investment property. Private Lenders, commonly known as “hard money lenders,” issue short-term loans known as private money loans. Private lenders are good for short-term fix-and-flippers as well as long-term investors looking for a rehab project, quick…

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Source: http://fitsmallbusiness.com/private-lenders-private-money-loans/

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