Quick rule of thumb: hard money is institutional, faster but rigid, with points, draws, appraisals, and strict timelines; private money is relationship-based, more flexible on docs, payments, and extensions, often quicker when the deal and trust are strong .

what is institutional financing, like a bank?

We have also been finding institutional investors that are looking for a full community to acquire.  

.🏦 Superior Liquidity & Exit StrategyUnlike some other forms of real estate, multifamily assets attract a deep and competitive pool of buyers, ranging from individual investors to large institutions.

Miran's monetary thesis - the dollar is going to intentionally decline and mortgage rates will go lower...much...much...lower.

Typically we do this with scanned versions and not send the original unless its an institutional client that also ahs a custodian and get bailee letter.

I’ve seen some banks make these kind of loans at lower rates - when I did a thorough analysis I found that these were really situations where the borrower either had a long term stellar relationship with the financing institution (so the loan was really a PERSONAL credit based loan), or the borrower had put up significant additional collateral. 

Hard Money Lenders are non regulated lending institutions. 

Private money/smaller institutional lenders (like us) are great sources if investors use them wisely.

This is definitely worth the cost when done wisely and consistently.The cost-to-impact ratio for simple, non-perishable welcome items far outweighs the small monetary cost and is a key driver for 5-star reviews.