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A hard money loan is a specific type of asset-based loan: a financing instrument through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
Hard money may refer to: Hard currency, globally traded currency that can serve as a reliable and stable store of value; Hard money (policy), currency backed by precious metal "Hard money" donations to candidates for political office (tightly regulated, as opposed to unregulated "soft money")
Hard money loans deliver cash quickly but at a higher interest rate compared to other types of financing. Hard money loans are a way of borrowing funds over the short term. ... Shorter loan terms ...
Commercial hard money is a term describing a commercial loan that is generally non bankable. The company usually does not meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.
Coins or other metal money in mass circulation; Bullion coins; Hard money (policy) Commodity money; Specie Circular, 1836 executive order by US President Andrew Jackson regarding hard money; Specie Payment Resumption Act
Hard money policies support a specie standard, usually gold or silver, typically implemented with representative money. In 1836, when President Andrew Jackson 's veto of the recharter of the Second Bank of the United States took effect, he issued the Specie Circular , an executive order that all public lands had to be purchased with hard money.
Most people look forward to doing the monthly budget about as much as they look forward to going to the DMV or fishing a dropped cell phone out of the toilet. Explore: Your Biggest Money Etiquette...
TikTok creator and finance expert Pattie Ehsaei has been a leader in financial services for over 22 years, and she feels passionate about shifting the frame of mind that comes with making money ...