Commercial hard money is a term describing a commercial loan that is generally non bankable. The company usually does not meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.
Famous quotes containing the words commercial, hard and/or money:
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)
“It was a comfort in those succeeding days to sit up and contemplate the majestic panorama of mountains and valleys spread out below us and eat ham and hard boiled eggs while our spiritual natures reveled alternately in rainbows, thunderstorms, and peerless sunsets. Nothing helps scenery like ham and eggs.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Lora May: I’ve been a good wife. The best wife your money could buy.
Porter: Strictly cash and carry.”
—Joseph L. Mankiewicz (1909–1993)