How hard money loans Work Hard money loans, sometimes referred to as bridge loans, are short-term lending instruments that real estate investors can use to finance an investment project. This type.
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How Hard Money Loans Work. Hard money loans, sometimes referred to as bridge loans, are short-term lending instruments that real estate.
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First, know that hard money loans are short-term debts which must be secured by real estate property or other asset. In almost all cases, the property or asset being used as collateral against the loan must have a current market value of at least the loan amount, though, it often should exceed the loan amount quite significantly.
If you have a need for mortgage speed, a hard money lender may be the. loan might allow you to do the work, the time it takes to get approved.