A hard money loan is a loan of "last resort" or a short-term bridge loan. Primarily used in real estate transactions, its terms are based mainly on the value of the property being used as.
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Hard Money Definition. Hard money loans are asset-based loan financing where private investors and companies can borrow funds secured by real property. GCMAC has decades of experience delivering hard money loans to Texas investors.
Hard Money Definition – What is Hard Money Loan? – Hard Money Definition. Yet because hard money is found at private investors who can establish their own internal guidelines, sometimes the hard money definition can change slightly from one investor to the next yet most lenders issue these loans under the same basic guidelines. The following is a brief hard money definition:
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