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hard money loan

Considered a last resort loan for borrowers who are seeking to take out a loan, typically for real-estate, but who are not eligible for other loans. A hard money loan consists of high fees and an elevated interest rate, which makes them less desirable by borrowers. Instead of using the borrower's credit history as collateral, some type of physical property is used a leverage. Traditional banks do not offer this type of loan.

Related information about hard money loan:
  1. Hard money loan - Wikipedia, the free encyclopedia
    A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the value of a parcel of real estate.
     
  2. 'Hard money' lenders: The source for last-resort loans (Page 1 of 2)
    Aug 31, 2000 ... If you're close to foreclosure or can't find a traditional lender who will meet your odd financing requirements, consider tracking down a hard ...
     
  3. The Truth about Hard Money Lenders? - Foreclosure Investing Short ...
    The Truth about Hard Money Lenders This special report will help you understand who hard money lenders are and criteria to use a hard money lender.
     
  4. Hard money loan
    A complete guide to hard money loan secured by the value of a real estate property. Hard money loans are typically arranged at much higher interest rates than ...
     
  5. Hard Money Loan | Hard Money Lender | HardMoneyLoans.com
    Get a Hard Money Loan fast at HardMoneyLoans.com. Call for Hard Money Loans today! 24 Hour Decision! Funding in as fast as 7 days! No credit check or ...
     
  6. Hard Money Lenders | Hard Money Loans | Do Hard Money
    Our sole purpose as a lender is to provide people the fastest and easiest access to private money and hard money loan options secured by real estate.
     
  7. Hard Money Loans - What is a Hard Money Loan - Home Buying ...
    All about hard money loans and specific types of hard money loans. Differences between a purchase money loan and a hard money loan.
     
  8. Hard Money Loan Definition | Investopedia
    A loan of "last resort" or a short-term bridge loan. Hard money loans are backed by the value of the property, not by the credit worthiness of the borrower.