Hard money, AKA "asset-based" loans are a widely used type of private money, non-bank financing. They are based on the value of the property, not credit scores. Here we explain the basics of how hard money loans work in New Mexico and share what you need to know to use them well. What Is New Mexico Hard Money Lending? Hard money lending is a way to get money fast using real estate as collateral. The lender looks at the property value. They do not focus on your credit history

New Mexico Hard Money Loans are a group of New Mexico based professionals with a combined 76 years of local business experience lending in North Central New Mexico, including Santa Fe, Albuquerque, Rio Rancho, and elsewhere. Our major advantage is that we can fund projects in days , not weeks or months. We do not focus on credit scores. Why Use Us? Typical Example: You are scheduled to close on a Thursday with a locked-in $100k profit . Your out-of-state lender pulls the rug

We’ve all been there. You find the perfect opportunity. The numbers work. The timing is right. You’re ready to move. You go to a traditional lender. What happens? The interrogation begins. They ask for your P&Ls. Then they ask for three years of tax returns. Then they ask for an explanation of a $50 deposit you made in 2019. It feels less like a partnership and more like an audit. The Traditional Lending Trap The sad truth is that traditional banks are designed to mitigate ri