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Hard money loans are also different from so-called soft money loans: Hard money loans are usually secured by physical assets like property and their assessed value in the form of equity.
The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.
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.
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")
Key takeaways. Lenders have minimum requirements for business loans, including revenue, credit history and time in business. The type of business loan you apply for will impact how hard it is to get
Getting an unsecured business loan can be hard, especially if you are a startup business or business owner with bad credit. The collateral you put up to secure a business loan goes a long way to ...
Soft Money and Hard Choices: Why Political Parties Might Legislate Against Soft Money Donations. Public Choice. SSRN 1422616. Green, Mark (2004). Selling Out: How Big Corporate Money Buys Elections, Rams Through Legislation, and Betrays Our Democracy. Regan Books. ISBN 978-0-06-073582-1. New York mayoral candidate who lost to Bloomberg.
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