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Real Estate Glossary

Hard Money Loan

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Richard Wilson
Written by Richard Wilson

With this asset-based loan, the borrower acquires funds secured by the value of a piece of real estate that is often at a higher interest rate than a traditional commercial property loan. Hard money loans are used for turnaround situations, foreclosures, bankruptcies, and acquisitions.

With this asset-based loan, the borrower acquires funds secured by the value of a piece of real estate that is often at a higher interest rate than a traditional commercial property loan. Hard money loans are used for turnaround situations, foreclosures, bankruptcies, and acquisitions.

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Richard Wilson

Richard Wilson

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