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.
<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be the first, having to do with the fact that monopolies greatly diminish competition in a market, since they consolidate power within a single firm. </span></span>
