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:
“From a commercial point of view, if Christmas did not exist it would be necessary to invent it.”
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—Virginia Crocheron Gildersleeve (1877–1965)
“The notion of making money by popular work, and then retiring to do good work, is the most familiar of all the devil’s traps for artists.”
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