Hard money is a way to borrow without using traditional mortgage lenders. Loans come from individuals or investors who lend money based (for the most part) on the property you’re using as collateral.
Private Lenders: How To Find Them | FortuneBuilders – Hard money lives in a middle ground between the two. hard money lenders are usually affiliated with a more traditional financial institution, but have less strict standards. (This comes at a price: usually higher interest rates.) Though hard money is technically private money, as an investor you’ll generally want to distinguish between the two.
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