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.
Hard Money Loan
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.
