This is our first official update since launching Hard Money Offers only 3 months ago, back in May of 2019. It has been an exciting first few months, most notably the growth of which our platform has seen in such a short amount of time. We set out with a simple goal: to provide the easiest, and fastest way for borrowers to connect with hard money lenders all across the country. So far we have been successful in doing that and we hope to continue.
Everything starts with our hard money lenders. We're proud to say that we currently have 944 lenders on our platform, all waiting to evaluate your loan requests. Having this large pool of very diverse lenders means it's incredibly easy to find at least one willing to qualify and fund you and your project or investment. On average, our loan requests match 120 lenders which makes the success rate very high for borrowers. There is no need to worry about credit score, LTV, or any other individual factors when our platform quickly finds the lenders that fit your criteria.
Working with this many lenders has also taught us a lot more about them and this industry overall.
While we cannot release the exact number of requests that we've received and processed, we can say that the aggregate amount has now exceeded $150 million. That's quite an amazing number given that we've only been live and operational for three short months.
As previously stated, our mission is to connect borrowers with hard money lenders. So far, we've made just shy of 400 lender-borrower connections.
Reasons for borrowing
We've already seen just about every investment or project you can think of, including but limited to:
- New construction
- Fix & Flip / Rehab
- Oil & Gas
- Mineral reserves / Mines
- Nursing home
- Development sites
- Home equity
- Mobile home
- And many more..
A big thank you to all of the wonderful lenders that make this platform possible and to all of the borrowers who choose us to help find them a lender for their investment or project. We will continue to not only grow but improve everything possible for everyone involved. Receiving feedback is incredibly important and useful for us. Since launching, we've released countless features, fixes and updates based on the feedback we've received from both lenders and borrowers. If you have any suggestions or are encountering any problems or issues, please contact us and let us know.