Hard money lenders are private individuals and small local companies that operate. They essentially make loans to the desperate and the needy same as banks and brokers that help traditional customers. For example, if you have been to everyone that you can think of and they turn you down, you probably could ask one of the traditional bankers if they can refer you to a hard money lender. They do no come cheap. You must expect going in that working with them is going to cost you more because that comes with the situation. There are definitely some pitfalls to turning to a hard money lender. For more information regarding hard money lenders, read here http://www.connexx.org/hardmoneyloans.html .
