What is the most common use for private money (aka hard money or private equity lender)?

The most common loans for hard money are typically sub-500 borrowers, foreclosure bailouts, bankruptcy buyouts, non-conforming borrowers needing to go stated income, have an existing notice of sale (NOS) or notice of default (NOD), need quick cash-out or just doesn’t meet conventional underwriting guidelines. There are many reasons why borrowers need access to private money, in fact, private money is now becoming the new sub-prime lender, known as NextGEN, with the recent market turmoil. NextGEN lenders are willing to help their clients get through the hard times and be a path to a solution and financial freedom.