What is Private / Hard Money?


  • The definition of “hard money” when referred to in real estate financing, is essentially a non-bankable loan.

  • The name hard money is frequently interchanged with “no-doc” or private loans.

  • For a hard money loan, the underwriting decisions are based on the borrower’s hard assets (real estate). Typically LTV’s are 65% or less

  • Hard money loans close relatively quickly with little/no traditional documentation (tax returns, etc…)

  • Pricing is higher for a hard money loan as opposed to conventional financing

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