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Hard money explanation - money that is lent against the value of real estate.
Hard money lenders make short term financing to borrowers at high costs.
Hard money origination fees range from 2 to 6% or more depending on the loan amount.
Hard money will generally loan 50% to 85% of the actual value of the property.
Hard money interest rates range from about 9.9% to 16%.
Hard money is generally interest only for 6 to 18 months.
