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Commercial hard money loans are very similar to bridge loans. The primary difference between the two is the purpose for which the loan has been issued, the financial condition of the borrower, and the lenght of the term for which the loan has been issued.
Yes commerical hard money loans are very similar to bridge loans.Both loans are short tearm and normally carry a higher interest rate.
What else can I help you with?
Do you know any companies that offer commerical hard money loans at a reduced interest rate?
Check out Avatar financial, they are a leading provider of commercial hard money loans and bridge loans. There rates are among the lowest in the country. Check out their website here: http://www.avatarfinancial.com/
I have heard of hard money lending companies, but I'm not familiar with the bridge loans they handle, can you explain this please?
A bridge loan is a short term that is usually used by home buyers that can't afford the immediate up front exepenses with building a house. These loans are generally paid off by closing of the house.
What was the difference between hard money and paper money?
hard money and paper money are not really related. paper money loan is a cash loan, usually on some kind of collateral (your car title, your home, etc) hard money is for people who can't secure credit through normal "conventional lending" means. Like for large business investing etc. so they pay higher up-front fees and end up taking out a large sum at a higher interest rate. some kinds of hard money loans are bridge loans, land development loans, construction loans etc.
When banks make loans the money supply increases or decreases?
When banks make loans, the money supply increases, since the people who receive these loans will have more money.
Can money from bridge loan be used for anything?
I once had a bridge loan. It was meant to provide a down payment on a new house and to be paid back when our other house sold. The terms of your bridge loan would state what you could spend it on. They are usually short term loans for a specific purpose.
When did palin reject the money for the bridge to nowhere?
She didn't reject the money. At first she supported the bridge, then she was against the bridge. The bridge was never constructed, but she kept the money.
When do the Christmas loans start?
WHEN do the loans start where you can get money on your taxes and pay it back when you get your tax money back?
Who loans you money?
the Bank
How do you payoff payday loans?
with money
How did people get money form the bank?
People get money from a bank by means of loans. The different types of loans available from banks are: 1. Personal Loans 2. Automobile Loans 3. Home Loans (Mortgage Loans) 4. Loan against Securities 5. Gold Loan 6. etc.
How do you start a Cash or Hard Loan Business?
A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds based on the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property or investment property that may be in transition and not yet qualifying for traditional financing. Whereas hard money often refers to not only an asset-based loan with a high interest rate, but can signify a distressed financial situation such as arrears on the existing mortgage or bankruptcy and foreclosure proceedings are occurring. Begin your search online via google or yahoo.
What does Kennedy Funding specialize in?
The Kennedy Funding is the leading American commercial loaning/lending company allows one to borrow money. It specializes in commercial bridge loans for construction developments, land and bankrupt.
