Private Money and Hard Money Loans

admin — Tue, 06 Apr 2010 13:08:08 +0000

Private Money and Hard Money Loans
A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

Duration : 0:1:36

Technorati Tags: and, bad, credit, good, Hard, hardmoney, loans, money, personal, Private, rehab

On-line Business Credit Course

admin — Tue, 19 Jan 2010 05:28:01 +0000

Short course (6:00) on establishing business credit. Full course available at Amazon.com with full details. This summary course provides and overview, and how to get started. Visit www.hotgrantideas.com for more information) Make sure you subscribe to my videos when you finish viewing to get FREE future courses.

Duration : 0:6:26

Technorati Tags: bad, bank, bankruptcy, banks, business, card, cards, collections, commercial, credit, creditor, loan, loans, money, repair, trade

Asset Based Loan » bad

Private Money and Hard Money Loans

On-line Business Credit Course