Hard Money Loans

What Are They? Picture this: real estate meets quick cash.

How It Works:

• Secured by real property (like a house)
• Short-term, often used for bridge financing
• Not your typical bank loans—private individuals or companies are the lenders

Interest Rates and Repayment:

• Rates: Can be higher than traditional mortgages, but still attractive
• Repayment: Within 12 months
• Loan amounts: 60% to 75% of the property’s appraised value