The terms private money and hard money lenders will be used interchangeably throughout this document. Both terms refer to non-bank lenders who originate loans.
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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.
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Personal Loan Contract. This contract ("Contract") is an agreement between {Name}, henceforth known as "Borrower," and {Name}, henceforth known as "Lender."
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