Chris talks with Kim Hubbard about hard money lending. Kim is the Executive Vice President and Sales Manager at Merchants Mortgage. She has been with the company 21 years and is an expert in lending to real estate investors for fix-and-flips, fix-and-holds, ground-up construction, and small commercial real estate. Kim has also completed her own fix-and-flip projects and fix-and-holds in the Denver and Phoenix markets.
Chris and Kim discuss:
- Why does Charles Roberts refer to them as “soft money” rather than “hard money.”
- Understanding Merchants Mortgage underwriting process.
- Using hard money vs a conventional loan.
- Advice for people getting into fix-and-flips or fix-and-holds.