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The word hard. Hard Money Loans. Bridging loan is a temporary loan offered by commercial lenders to borrow for a particular purpose such as for critical and also instant purchase of a property,

Hard money loans are typically provided on a short-term basis. But for some commercial, residential, or industrial properties, borrowers may plan to buy and hold, and will need a longer term loan.

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I have been making hard money loans for 12 years. All loans are interest only payments, one year, renewable for an additional year with additional fees and points. All secured by commercial property. I am contemplating adding longer term (15 year) fully amortized hard money loans.

If you have a need for mortgage speed, a hard money lender may be the answer, as long you understand the terms of the loan and know what.

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Banks also tend to take 30 to 45 days to close and limit the number of loans for a single investor. Another option was what Jordan Pohn described as "hard money lenders" who set. with the partners.