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:
“There is every reason to rejoice with those self-styled prophets of commercial disaster, those harbingers of gloom,
Over the imminent lateness of the denouement that, advancing slowly, never arrives,
At the same time keeping the door open to a tongue-in-cheek attitude on the part of the perpetrators....”
—John Ashbery (b. 1927)
“The Indian remarked as before, “Must have hard wood to cook moose-meat,” as if that were a maxim, and proceeded to get it. My companion cooked some in California fashion, winding a long string of the meat round a stick and slowly turning it in his hand before the fire. It was very good. But the Indian, not approving of the mode, or because he was not allowed to cook it his own way, would not taste it.”
—Henry David Thoreau (1817–1862)
“I know the ice in your drink is senile.
I know your smile will develop a boil.
You know only that you are on top,
swinging like children on the money swing....”
—Anne Sexton (1928–1974)