Kettering, OH hard money lenders operate out of the city of Kettering, which has a foot in the counties of Montgomery and Greene. This city is also a part of the Dayton Metro Area, and actually has a population of about 60,000 people, with a population density of about 3,000 people per square mile.
Kettering, OH hard money lenders do a very important thing for the state of Ohio. These lenders are able to provide to borrowers with very bad credit scores and credit histories, funding and financing. They’re able to do this, despite bigger banks not being able to for one very important reason: they disregard their poor credit standing with credit agencies. But how do they do this? And why aren’t big banks able to do this? Big banks are able to do this, it’s just that they don’t want to do this. The profit isn’t there, and it is still risky.
See, this is how Kettering hard money works. It actually works a lot like a secured credit card. You like know what a credit card is, a regular credit card is. But a secured card, what this is, is a card loan and debt load that has been secured by funds that the borrower and card holder has deposited with the card company. In many ways, this is similar to what hard money lenders in Kettering do. They require of their borrowers to put up collateral, hard assets (i.e. real estate) in order for hard money business loans to be approved or even considered.