Yes! Our hard money underwriting guidelines focus primarily on equity, not borrower credit. We have accepted borrowers with low credit scores, prior bankruptcies, and foreclosures. We also make loans to foreign nationals and entities with no credit history.
What if I have bad credit? Can I still get a loan?
About the Author: G. David Lapin
G. David Lapin is the president and Broker of Record of HanoverMC, a private money lending and trust deed investment firm located in Orange County, California and is an author and speaker on the topic of private money lending and trust deed investing. Lapin was most recently featured in Robert Irwin’s book “Armchair Real Estate Investor” and hosted his own radio show “The Hard Money Hour”. Lapin's professional career in real estate encompasses 30 years of entrepreneurial experience in both the commercial and residential sectors, bridging property management, development, construction, investment sales and finance including residential mortgage banking and brokerage - originating, processing and closing 5,000 + purchase & refinance transactions, and the underwriting and funding of private money transactions.