hard money lender
Collateral-focused loan source
A hard money lender provides short-term loans secured by real estate, typically at higher interest rates than traditional banks.
These lenders focus on the property's value rather than the borrower's creditworthiness, making them useful for house flippers, investors, or borrowers who can't qualify for conventional financing: We got a hard money lender to fund the renovation.
The loans are usually brief—months rather than years—with the expectation of refinancing or selling the property.
- loan sharkIllegal high-interest moneylender
- bridge loanTemporary financing between transactions
- collateralSecurity for debt
- real estateLand and its structures
- real estate investorOne who buys land professionally
interest rate · short-term · property · foreclosure · equity · asset-based · points · origination · flip · investor · borrower · principal · deed · trust · underwriting · exit strategy · appraisal · LTV
hard money lendercommercial bank
Deposit and loan institution
credit union · savings and loan · community bank · Fannie Mae · Freddie Mac
hard, harder, hardest, harden, hardened, hardening, hardness, hardly, hardy