Hard money loans are a mortgage alternative for borrowers who need fast investment capital, who only wish to hold onto a new property for a short period of time, or who cannot obtain a more conventional real estate loan. They are issued by private investors or corporations instead of by a bank, which allows greater flexibility in setting terms and assessing risk.

Hard money loan” is a term unique to the U.S. and Canada where this type of loan first developed in the 1950’s. At first, the industry was exclusively a last-resort option for borrowers, but today, it is much more diverse. Below, we will look at 10 key facts about hard money loans in order to gain a better understanding of what they are and when they might be a suitable option.


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