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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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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.
APPROVAL LETTER. These are the items we will need to issue an approval letter: (the days of hard money lending based solely on the value of the property are long gone.
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Hard Money. Hard-money lenders make mortgages that are tied to the value of the underlying asset, as opposed to the strength of the borrower. Such loans typically New instant payday loan lenders
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