Borrowers choose hard money loans when they are not able to provide all the numerous documentation often required by institutional lenders, or if time is of the essence and instructional lenders processing time frames are just too time consuming. But the most usual reason is due to the Borrower having poor to bad credit or possibly having a prior bankruptcy or a foreclosure that many institutional lenders don’t like. Or another reason might be income that can’t be proven to institutional standards. Hard money financing gives the Borrower a second chance and the opportunity to rebuild their credit together with obtaining the money they need.