In the state of Oregon, Hayesville, OR hard money lenders have been in business for years. Hayesville is actually an unincorporated community of just about 19,000 people. Hayesville has a population density of roughly 4,700 people per square mile. The community of Hayesville is a part of the county of Marion.
There’s a problem in this state. If you want to get approved for a loan at a big bank, you likely won’t be able to. Even if you applied for funding through a local credit union, you wouldn’t be able to get approved. Borrowers are faced with these denials, and figure that’s the end of it. But it isn’t. Not at all. There are options and alternatives, but most borrowers jsut aren’t aware of them. For example, there’s the option of going the Hayesville, OR hard money lenders route. These lenders focus on an area of finance that’s commonly referred to as Hayesville hard money, which is a way for a borrower with a very low credit score to get approved for a loan. These hard money lenders in Hayesville have only one stipulation, and that’s that the borrower own real estate.
Real estate in this business is also called a hard asset, and if the borrower brings to the table a hard asset, he will likely get approved for a hard money loan. The only issue is whether he’ll get approved for the size of a hard money loan that he needs in order to make to a place that’s stable, financially.