West Linn, OR hard money lenders are able to get borrowers that have really poor credit scores approved for a loan. West Linn is a relatively affluent suburb to Portland, Oregon. The city of West Linn has a population of 26,000 people, and a population density of 3,200 people per square mile.
It’s sort of hard to believe that folks in this area, a relatively affluent area, are experiencing a tough time getting approved for a loan, but that’s exactly the case here. And it’s largely due to people’s homes being underwater at the moment. For years, they were cashing out values, extracting value from their personal residences, extracting and exhausting value to no end.
So this is where and when West Linn, OR hard money lenders come into play, as they’re able to get folks with really low credit scores, and really distressed financial scenarios approved for a loan, in a way that the big banks just aren’t able to, at all. These lenders focus in on a part of finance that’s referred to as West Linn hard money. Hard money is a way for borrowers to get approved for a loan, despite their credit score, despite being foreclosed on, for as long as they own property and real estate. Real estate is what these hard money lenders in West Linn refer to as a hard asset. The hard asset is crucial and plays a central role in the matter of the debt arrangement. The commercial hard money lender absolutely will not move forward without real estate on the table.