When I think “hard money”, i think basicially an asset based loan
person probably has no credit/assets/experience/ or mix and match
Based on this asset based loan concept, what is the highest loan to value any of you would be willing to lend on a hard money loan?
***Wise old banker once told me that he only lends as much on a property as he would be willing to pay to own that property.
He was a bit conservative for my taste, but he sure never lost much of his banks money.