Hard Money vs Private Money Lending

[Kyle Mitchell]

Hey BPers,

I am in the process of planning out my first flip and need some help with fully understanding how both hard money and private money works.  I know the basics but can anyone tell my what the typical structure is for both hard money and private money?  An example would be helpful!  I am looking in the $300-500k range plus an additional $50-100k for the rehab.  We would likely bring 20% to the table.  Any help on this would be great, thanks everyone!

Kyle