Hard Money Loan
Are they Same?
Both are typically short-term, or temporary, loans as opposed to long-term mortgages.
Both are based on property value without taking the borrower's credit score under consideration.
Both Loans are funded quickly as it's based on property value.
Flexible repayment terms
Both can usually be structured to fit the borrower’s circumstances while still satisfying the lender.
loans are always made by
will sometimes offer
Bridge Loan are Hard Money Loan
While most bridge loans are also hard money loans, this is not always the case.
Bridge loans and Hard money both have high interest rates, but bridge loan might be slightly lower. With a good hard money lender it can be same.
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