Hard Money Loan
Hard money loans carry interest rates even higher than traditional subprime loans. Since traditional lenders, such as banks, do not make hard money loans, hard loan lenders are sometimes private individuals that see value in this type of potentially risky venture. Hard money loans are used in turnaround situations, short-term financing, and by borrowers with poor credit but substantial equity in their property that wish to stave off foreclosure.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Hard money loan — A hard money loan is a specific type of asset based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional… … Wikipedia
Hard money lender — Hard money lenders are lending companies offering a specialized type of real estate backed loan. Hard money lenders provide short term loans (also called a bridge loan) that provide funding based on the value of real estate that has been… … Wikipedia
Hard money — can refer to:* Hard currency * Hard money donations to candidates for political office * Hard money currency policies * Hard money loans … Wikipedia
Commercial hard money — is a term describing a commercial loan that is generally non bankable. The company usually does not meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.… … Wikipedia
Money (Blackadder) — Money Episode no. Series 2 Episode 4 Directed by Mandie Fletcher Written by Ben Elton Richard Curtis Original ai … Wikipedia
money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public … Universalium
hard — /hahrd/, adj., harder, hardest, adv., harder, hardest, n. adj. 1. not soft; solid and firm to the touch; unyielding to pressure and impenetrable or almost impenetrable. 2. firmly formed; tight: a hard knot. 3. difficult to do or accomplish;… … Universalium
Hard Times (1975 film) — Infobox Film name = Hard Times (also released as The Streetfighter ) caption = Original theatrical poster director = Walter Hill producer = Lawrence Gordon writer = Walter Hill (screenplay) Bryan Gindoff (story screenplay) Bruce Henstell (story… … Wikipedia
money — noun ADJECTIVE ▪ big ▪ There is big money in golf for the top players. ▪ easy ▪ He started stealing as a way of making easy money. ▪ bonus … Collocations dictionary
hard-pressed — adj. difficult; under pressure; with difficulty. I d be hard pressed to loan you any money because I ve got so little … English slang