Hard Money Loans

August 17, 2024
August 17, 2024 ICON

What is a Hard Money Loan?

Hard Money Loans are typically used to purchase, fix, and flip an investment property.

Some Borrowers might use a Hard Money Loan to purchase a Primary Residence, in which case, it might also be called a Bridge Loan because the objective is to get into a long-term fixed rate product as soon as possible (e.g., after repairing credit, or selling another asset).

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    Hard Money Loans come at a higher cost, but they typically achieve an objective where the benefit significantly outweighs the cost.

     

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