I applied for a few hard money loans since commercial banks are tougher to deal with. Essentially am looking at a hotel purchase. The hotel is worth $6. We are seeking a loan of $4.2 million (70%) and putting down $1.8 million. The issue is the equity is coming from investors and not me. I don't have the personal financials to get approved through a commercial bank. Anyways my assumption was that hard money loans were non-recourse and didn't require much personal information. I been applying to some reputable firms and they seem to ask for a ton of documents, equivalent to that of commercial banks.