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Hard Money
Hard money is a form of alternative financing. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money may be the only option. Let's review how these loans work and what type of business is likely to use hard money.
Hard Money Loan Pitfalls
A hard money loan is not always the best choice. While it seems simple - the asset secures the loan so everybody’s safe - hard money is only one option. It is expensive, so things have to work according to plan for profits to materialize. A hard money loan is different than loans you may have used in the past. Lenders use more conservative methods to value property than you may expect.
Hard Money Basics
Hard money is a form of alternative financing. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money may be the only option. Learn more about how these loans work and what to expect from hard money.