Video: Are All Hard Money Lenders Loan Sharks?

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Hi, and welcome back. This is the third part of our hard money loans- myth vs facts, and in this
one we’re going to talk about are all hard money lenders loan sharks.

Hard money loans are beneficial to the borrowers because we move quickly. We’re primarily
assert based, we don’t worry about the creditworthiness of the borrower. We have flexibility.
We can lend at a higher loan to values. We can work with borrowers to where traditional banks
it has to fit inside of a box. And we also take on the risk, to where you have less money in the
game. I’m putting up the majority of the money into the project, so I’m taking on the risk. If
anything happens, typically the borrower gets to walk away and I’m left holding the bag.
Bay Mountain Capital has been around for about twelve years. We’ve been lending hard money
loans for twelve years. We’ve been lending commercial for the last five or six years and we

know how it works. We know how to underwrite. We know how to work with our borrowers-
they’re our partners. We’ve done over 330 million dollars worth of loans, over three thousand

loans, so we know what we’re doing. Our default rate is less than one percent. So when you
work with Bay Mountain Capital as your hard money lender, you have a partner that knows what
they are doing.

Here at BMC we have four core values- Integrity, Respect, Improvement, and Excellence. What
do I mean by that? Integrity – we’re not in the loan to own business. We’re not going to give a
loan unless we actually believe that the actual business plan can be successful and the
borrower will be able to flip the property. Respect – we give every borrower, or applicant at least,
the respect they deserve and really take a look at their application to make sure its going to be
fulfilled or else we won’t do the loan. Improvement – we want to make… we want everyone to
improve their lives and so we want to help them be successful and to gain financial
independence. And of course the last is Excellence. We strive to do our best in everything we
do and we hope that our borrowers, our partners do as well.

Thank you for watching our final blog video about myths vs facts of hard money lenders, I
appreciate you taking the time and listening. We hope to bring you some more video blogs here
real soon in the near future. If there’s a topic you want us to discuss, please don’t hesitate to
write in and let us know. Have a good day.

About Bay Mountain Capital:

Bay Mountain Capital has been in business for more than a decade, closing approximately 2,000 loans. We specialize in financing all types of residential and commercial property investments throughout Texas and Georgia. Using common sense and value-added approach, we strive to incorporate these principles into our underwriting and closing processes.

 As a direct lender, Bay Mountain Capital can close a loan within one day after receiving a complete file and clear title. The process generally takes two weeks for a residential loan but can be accelerated where circumstances require it.

 We are primarily an asset-based lender, which means that qualification requirements are limited. Our rates and fees are among the lowest in the industry.

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