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A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds based on the expense of a parcel of concrete estate |
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| Hard chips loans are typically issued at much higher case rates than conventional commercial or residential property loans and are almost never issued by a financial bank or other deposit institution |
| Hard cash is similar to a bridge loan which mainly has similar criteria for lending as well as bad news to the Hard Money Lenders borrowers. |
Below is an illustration of how a commercial de facto estate purchase might be structured by a hard money lender: