Hard money loans are property loans designed for rapid availability, which allows borrowers to either take advantage of an emerging opportunity or protect themselves from a pending problem.
Hard money loans almost always apply to commercial property, and allow advances typically up to 70% of the property value to be made available to the borrower. These loans can close in days rather in weeks or months.
How can hard money help you? Hard money has been used to buy property, capitalize projects, pay off pressing notes and obligations, and mobilize companies.