What is a hard money loan and how to get one?

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference...

View more

Related topics : hard money loan interest rate / hard money loan rates / commercial property loan interest rates / commercial loan mortgage rates