Hard money lending actually simplifies the process of loaning for property value. While you may be presenting a property that needs repairs, they look at the potential value of the property you are presenting. This would seem difficult to obtain if you sought a loan from a conventional loaner like a bank. On the other hand, the hard money mortgages are based on ARV or After Repair Value. Although the property may be distressed, your lender understands the condition will be better. Consider your loan as financing for necessary improvements on the property. Another upside to this type of loan is that by nature it is quicker to process. This is especially important to those who wish to take advantage of steal real estate deals where time is of the essence. If you are interested in borrowing for a property the hard money lending way, you can start looking around. There are bound to be some really good ones in your area. These are more often private individuals but can be companies, too.