Advantages and Disadvantages of Hard Money Lenders

Hard money is nothing but a loan against property. Usually providing loans is the job of a bank because the terms and norms with the hard money lenders is just the same as with banks. Hard money depends upon the security of property. How does a hard money lender deal with his clientele? Hard money is different from commercial real estates loans in many ways. The amount of capital hard money, lenders offer is much lower than that of other commercial loan types. But just as the coin has two sides, there are positive and negative aspects of everything. There are some drawbacks of hard money lending. The main shortcoming of hard money loan is that...

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