Hard money loans are a type of property based loans similar to bridging loans. They are usually tied to real estate and have a much higher interest rate than traditional commercial property loans. They are often used by businesses in distressed financial situations: eg. as bankruptcy or foreclosure is imminent.
When Should You Take a Hard […]
What Are the So Called “Hard Money” Loans?
Published in April 1st, 2008
Posted in Business&Economics
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