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A hard money loan may be a faster route to financing than a bank loan. But be sure you understand the possible consequences before you take.
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Examples Of Hard Money What is ‘Hard Money’. Hard money is also used to describe a physical currency, such as coins made out of precious metals including gold, silver or platinum. Also, circulating currency whose value ties directly to the value of a specific commodity is known as hard money. For instance, the Gold Standard once used by the United States could be called hard money.
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Hard money loans – Sherman Bridge – Hard money loans, also known as private loans, rehab loans, bridge loans, private money loans and construction loans, are a form of financing available to purchase and repair a distressed investment property for the purpose of fix and flip or fix and rent.
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Best Hard Money Loan Calculator – Connected Investors – Best Hard Money Loan Calculator. Interest Rate (Annually): Your interest rate on the loan. Points (Loan Origination Fee): The amount of points your lending company is charging you upfront. Real Estate Broker Fee (On Sale): The amount you’ll pay the real estate agent/broker to sell the property.
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