Hard Money Loans

Hard money loans are short-term financing options for real estate transactions, typically issued by private investors or companies rather than traditional banks. These loans are secured by the property itself, allowing for quicker approvals and funding, often within days. They are useful for buyers needing fast cash, such as real estate flippers or those facing urgent situations. However, hard money loans usually come with higher interest rates and fees, reflecting their riskier nature. Borrowers often use these loans for investment opportunities rather than primary residences, and they are expected to be repaid quickly, typically within a year or two.