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Hard Money
Hard money is a type of financing that is often used by real estate investors and developers to fund the acquisition or improvement of a property. Hard money loans are typically short-term loans that are backed by the value of the property rather than the borrower's creditworthiness. This makes them a good option for borrowers who may not qualify for traditional loans, or who need to secure funding quickly.
- Hard money loans are typically issued by private lenders rather than banks or other financial institutions.
- They are typically secured by the value of the property being purchased or improved.
- Hard money loans are often used by real estate investors and developers who need to secure funding quickly, or who may not qualify for traditional loans due to their credit history or financial situation.
- They are typically used for the purchase or improvement of property, and they may be used for a variety of real estate-related investments.
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