HARD MONEY WHAT/WHY?
What is a Hard Money Loan?
A hard money loan, also known as a private money loan, is a short term loan. It is called “hard money” because it relies on hard assets as collateral.
Why Get a Hard Money Loan?
Getting a loan through a public institution can take several weeks or even months to process, while a hard money loan can be obtained in a much shorter period of time.