Hard Money Loans

Little known fact: anyone can be a hard money lender. The problems are: not over-lending on the equity and getting clients.

Hard money definition - money that is lent against an item with a hard value such as gold, jewelry or real estate.

Hard money lenders are private lenders who make short term loans to others at high costs.

Hard money origination fees range from 2% to 8% or more (of the loan amount).

Hard money will generally loan 50% to 75% of the actual value of the item.

Hard money interest rates range from about 14% to 25%.

Hard money is generally interest only for 6 months more or less.