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A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, starting at 7.7%,  because of the higher risk and shorter duration of the loan.
Investment is a personal decision. Investment begins by setting your personal financial goals that you feel when you achieve them success will be your portion. It has a lot to do with you as a person.
This week’s study in contrasts sees “Spider-Man” star Tobey Maguire lowering the asking price for his Brentwood lot and supermodel Cheryl Tiegs upping the ante on her Balinese Bel-Air showplace.
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Hard Money Basics Hard money is a way to borrow without using traditional mortgage lenders. Loans come from individuals or investors who lend money based (for the most part) on the property you’re using as collateral. When loans need to happen quickly, or when traditional lenders will not approve a loan, hard money may be the only option.
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