A hard money loan is asset based financing through which a borrower gets a loan secured by the value of their non-owner occupied real estate. A hard money loan is ideal for those who want to borrow money easily without the need to go through hoops of
income verification, tax returns, or credit checks. At elanCapital, if you have the value in your property, we are ready to finance you. Financing costs are higher than standard mortgages due to the simplicity of subsidizing and
shorter term length of the hard cash credit (and risks involved due to not having to do income verification, credit checks and other diligence). Investors utilize hard cash when they can't or don't have sufficient financing
from more routine sources. Normally their financials are complex, which get caught up in underwriting at banks and financial institutions but elanCapital streamlines the process.