What is a hard money loan?

Hard money loans are an alternative source of capital by ultra-high-net-worth individuals or private lenders. This type of loan is not subjected to the same regulations which will apply to traditional or bridge loans in financial institutions. Hard money loans uses the borrowers assets as collateral and will work with bad credit. This source of capital is most often the fastest access to cash. 

Hard Money Loan Interest Rates

Generally speaking, many hard money loans has a high interest rate when compared to conventional loans like a mortgage. The rates can be anywhere from 8%-18% due to the high-risk in real estate investment.