Mortgages Analyzed
Mortgages Analyzed
Mortgages Analyzed
 
Hard Money Loan

What is Hard Money Loan?

Definition
A mortgage loan that is offered by private investors or non-banking organizations and which is primarily underwritten against the property.
What It Means
Hard Money Loan may include loans from individual investors, investment clubs, private equity firms, and similar entities. However, in a number of places hard money loan is used interchangeably with private money loan.
Other Names
Private Money Loan
Category
Product

Related Terms

  • Lot Loan: A mortgage loan that is secured by vacant land.... Read More
  • Construction Loan: A mortgage loan that is extended to borrowers that seek to construct a building on a vacant land and is secured by vacant land and proposed improvemen... Read More
  • Private Money Loan: A mortgage loan that is offered by private investors or non-banking organizations and which is extended based on the personal relationship with the bo... Read More
  • Bridge Loan: A mortgage loan is a short term loan with the expectation that the borrower will obtain permanent financing.... Read More
  • Subprime Loan: Subprime loan is a mortgage loan that is offered to borrowers with significant default risk.... Read More
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