Hard money lender respondered with?

Financing, Hard Money Lenders, Private Money
1

I posted for a hard money lender and he e-mailed me this question. So I’m wondering what you guys think is this someone who has experience working with investors or even knows whats going on. This is his question:

" my names Will Ratner, Vice President of First Empire Financial in Pasadena. I am curious, why do you want a hard money lender compared to a conventional loan that will cost you less money?"

What would be your response?

2

How fast can you close? WHat are your credit requirements?
Regular banks are in my experience notoriously S_L_O_W. I dont like regular bank but we need them. Also most banks wont loan on a property that needs a lot of work because the appraisal wont be there. Regular banks dont lend on after repair value.