When It Appears To Hard Money Lending Keep It Local

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Another major difference between a hard money lender singapore loan and a conventional loan is that a hard money foreigner loan is not based on a person's credit but instead on the value of the project after its completion. A good example is if John has a house that he wishes to rehab and sell for $100,000.00 a hard licensed money lender singapore lender will lend up to $65,000.00. This is what is known as Loan to Value or LTV. Most hard money lenders lend anywhere from 55% to 70% LTV depending upon what type of project the borrower has.