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Hard Money Loan: A loan of "last resort" or a short-term bridge loan . Hard money loans are backed by the value of the property, not by the credit worthiness of the borrower. Since the property.
NY Bank Regulator Probes Real Estate ‘Hard Money’ Lenders – Law360, New York (September 16, 2014, 12:51 PM EDT) — New York authorities said Tuesday that they have subpoenaed nine so-called hard-money lenders, groups who issue short-term loans secured. in.
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