Hard money is a form of financing based on real estate. In order to qualify for hard money, you need to have tangible real estate which can be used as leverage in order to qualify for the loan. Often, lenders either can’t go through traditional lending, or require assistance getting loans due to a lack of credit history. In some cases, lenders can’t go to banks because the property they are investing in doesn’t fit the bankers lending criteria.
In situations like this, a Los Angeles hard money lender, like DelanceyStreet.com, can help you get funding.