I deal with a lot of hard money lenders as a real estate investor. Almost all of them require credit pulls. As I have a constant need for new loans for short term projects, credit pulls will be a regular thing.
Can you guys think of any way to reduce the impact of these? I can think of two options:
- Focus on companies that do soft pulls. I don’t really want to base my lending decisions on something small like this. More important our points and other terms
- Use the same lender over again. Helps but as my business grows it can be limiting.