A pledge not to loan money to some firearms. Stoneman Douglas High School in Florida that left 17 dead. That’s where the gun control activists stepped in this week to question why the bank is.
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Hard money is money that is supplied by private lenders, as opposed to banks. It is called hard money because it is usually secured by a real asset, such as property. Hard money loans are often easier to get than bank loans, but they come at a big cost, and a big risk, to the borrower.
Browse our loan programs to find the one that works best for your transaction. We have options for most borrowers, and plenty of great properties in Florida, Georgia, Tennessee, North Carolina, South Carolina, Illinois, Texas, Michigan, and even New Jersey that are ready for your investment.
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Hard money loans are considered a high risk by most financial institutions. It is for this reasons that its rates are higher than that of traditional loans. The average interest rates charged on hard money loans are between 11 and 18 percent of the total amount of the loan.
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