Can Someone Explain Hard Money

[Ruan De Nysschen]

Hey

I'm still very new to Hard money lending and I was wondering if anyone can explain to me exactly all the details of hard money lending, when and how to use it, and what is essential for me to know when using it.

Any help will be appreciated

Cornelis

[John Cameron]

Hard money is secured by a "hard" asset.  It's easy to get.  Ironic.

Usually 2% origination, 12% per annum, paid in interest only payments at 1%/month. You borrow $200K you pay $2000/month shorter term usually 4-6 month. Hard Money Lender = HML if you see that around.

Rates and fees vary of course and they go down as well as LTV as your experience and relationship with the hard money grows.