Hard Money Loan Agreements

A hard money loan agreement is a short-term financing arrangement primarily secured by real estate. Usually offered by private investors or companies, these loans are used when quick funding is needed or traditional lenders won’t provide credit. The agreement details the loan amount, interest rate, repayment terms, and collateral (the property). Because they are riskier for lenders, hard money loans often have higher interest rates and fees. Borrowers typically use them for property rehab, quick acquisitions, or bridging gaps until longer-term financing is secured. Overall, it’s a structured legal contract outlining the terms and obligations for both parties.