Difference between Private Lender and HML (Hard Money Lender)

[Udaya P.]

Can anyone explain me the difference between Private Lender and Hard Money Lender ?

What are the Pros and Cons of each ?

Usually, what will be difference in terms and conditions between them ?

When do you chose Private lenders vs Hard-Money Lenders ?

Any feedback and insight is appreciated.

Thanks

--uday