HARD MONEY IS AN ASSET-BASED LOAN
which typically comes with a short maturity, as well as a higher interest rate and fee.
Hard money is an excellent real estate tool, as long as you understand how to take advantage of what it offers in order to profit from it. Hard money loans can be used for acquisition financing, acquisition and renovation financing, or renovation financing and can vary depending on each unique situation.
Check out Scott Lurie, president of Milwaukee Hard Money, explain how hard money works and how you can make it work for you.