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How much can I borrow from hard money lender?

The amount you can borrow from a hard money lender will depend on a variety of factors, including the lender's policies, the value of the property being used as collateral, and your creditworthiness.

Hard money lenders typically lend based on the value of the property being used as collateral, rather than on the borrower's creditworthiness. This means that the amount you can borrow may be based on the value of the property, minus any outstanding mortgages or liens.

In general, hard money lenders may be willing to lend up to 70-80% of the value of the property being used as collateral. However, this can vary depending on the lender and the specific terms of the loan.

It's important to note that hard money loans can be more expensive than traditional financing options and may not be suitable for everyone. It's always a good idea to carefully consider your options and weigh the pros and cons before committing to a hard money loan.




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