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.”
—Katharine Whitehorn (b. 1926)
“These have been wonderful years. How many happy, happy times we have traveled about together! Day and night, in stage coaches, on freight trains, over the mountains and across the prairies, hungry and tired, we have wandered. The work was sometimes hard and discouraging but those were happy and useful years.”
—Susan B. Anthony (1820–1906)
“I love money, but will money ever love me in return?”
—Mason Cooley (b. 1927)