• Hard cash loans are mainly used for real estate transactions and are issued by individuals or companies, not banks.
  • Hard money loans are usually short-term, a way to raise money quickly, but with a higher cost and lower LTV.
  • Because hard money loans are dependent on collateral and not on the applicant’s financial situation, funding times are shorter.
  • The terms of a hard money loan can often be negotiated between the lender and the borrower. These loans usually use real estate as collateral.
  • Default by the borrower may still result in a profitable deal for the lender through the collection of collateral.