It's time to move on past the antiquated HARD MONEY and HARD MONEY LENDER terminology

[Nate Marshall]

To end the confusion once and for all we need to put a cold hard stop to using the terms of hard money and hard money lenders. Private Money can be lent by individuals and institutions. The hard money industry was the wild west. Very little difference between a"lender", a "loan shark" or a guy with a trench coat selling watches by a bodega in a New York City borough.

Today's private money industry is coming together and offering stability as well as known entities. Easy to find on google. They have brick and mortar as well as an online presence. 

This is a good thing! 

[Ned Carey]

@Nate Marshall I couldn’t disagree more. YOU want to use confusing terminology of calling professional lenders “private lenders”  How can you call an institutional lender “Private”? 

While there should be a term to distinguish the type of lender you describe from transitional banks and hard money lenders, calling them private is a misnomer.

A true private lender is someone who typically loans to you because they know and trust you. That is clearly distinct from any type of professional lender.  I think we should avoid using terms that are likely to confuse newer members here.