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:
“So by all means let’s have a television show quick and long, even if the commercial has to be delivered by a man in a white coat with a stethoscope hanging around his neck, selling ergot pills. After all the public is entitled to what it wants, isn’t it? The Romans knew that and even they lasted four hundred years after they started to putrefy.”
—Raymond Chandler (1888–1959)
“He bends to the order of the seasons, the weather, the soils and crops, as the sails of a ship bend to the wind. He represents continuous hard labor, year in, year out, and small gains. He is a slow person, timed to Nature, and not to city watches. He takes the pace of seasons, plants and chemistry. Nature never hurries: atom by atom, little by little, she achieves her work.”
—Ralph Waldo Emerson (1803–1882)
“Hollywood money isn’t money. It’s congealed snow, melts in your hand, and there you are.”
—Dorothy Parker (1893–1967)