Hard Money Loans: A Quick Tutorial

OK, time for a quick tutorial on one of our industry’s least-understood products: the hard money loan. The What: A hard money loan is simply a short-term loan, usually provided by private investors, that is asset-based and secured by real property of any kind (single- or multi-family residences, industrial or commercial properties, land, etc.). Due to the short loan term, the interest rate on a hard…

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