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astraxan [27]
3 years ago
11

What are characteristics of hard money

History
1 answer:
Elis [28]3 years ago
6 0

Answer: A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions. The terms are usually around 12 months, but the loan term can be extended to longer terms of 2-5 years.

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