what are hard money lenders

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Hard money loan – Wikipedia – A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%, [citation needed] because of the higher risk and shorter duration of the loan.

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L.A. developer of celebrity real estate arrested in alleged $1.3-billion Ponzi scam – Woodbridge, according to the SEC, told investors it would use their money to make so-called hard money loans – a type of expensive, short-term loan that’s secured by property and is often used by.

Buy Rentals With Hard Money Hard Money Loans. A hard money loan is a short-term financing option used to fund the purchase and/or renovation of an investment property. Hard money loans are commonly used by real estate investors for fix-and-flip projects, renovations and rehabs of rental properties, or simply to facilitate the speedy purchase and transfer of real estate.

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