hard money loan definition

The term “hard money lender” is used to describe lending outside of traditional banks or credit unions to an individual or a business. Hard money loans are usually funded by an investor or a group of investors. hard money borrowers secure their loans through equity rather than creditworthiness.

Hard money (loan) definition hard money loans are loans in which real estate serves as the collateral asset. It is most commonly used as a type of bridge loan for temporary financing.

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Also known as a loan of last resort, a hard money loan is a short-term loan based chiefly on the value of the property used as collateral and not on the creditworthiness of the borrower.

Using <span id="hard-money-lender">hard money lender</span>s to Grow Your Business with Ann Bellamy | BP Podcast 09 ‘ class=’alignleft’>Hard money loan rates are much higher, and you borrow the money for only a short period of time. Hard money lending is especially popular for the following people: Get Pre-Approved.</p>
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<p>Hard money has an intrinsic value, but is more susceptible to deflation than fiat money. Many countries used hard money throughout most of their histories; indeed, in the United States there was a significant debate in the late 19th century about whether the dollar should be based on gold or silver.</p>
<p>A hard money loan is any loan secured by a “hard asset” like commercial or residential real estate. It is sometimes called a bridge loan, private capital loan or private loan. A hard money loan is a first mortgage on investment real estate.</p>
<p>Hard money is a term often used to describe a funding stream originating from a government agency or other organization. The flow of funds represents an ongoing and scheduled series of payments.</p>
<p>Hard Money Definition Hard money loans are asset-based loan financing where private investors and companies can borrow funds secured by real property. GCMAC has decades of experience delivering hard money loans to Texas investors.</p>
<p>Hard money loans are used for everything from gas stations and goat farms to strip clubs and coal mines. But there is a nuance in the definition. A true hard money lender will only make loans on nonowner-occupied commercial buildings or residential-investment properties – period.</p>
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