Hard money loan
Posted on:3/30/2006
| A hard money loan is a specific type of financing in which a borrower receives funds based on the value of a specific parcel of commercial real estate. |
A hard money loan is a specific type of financing in which a borrower receives funds based on the value of a specific parcel of commercial 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.
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