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:
“I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.”
—Benjamin Harrison (1833–1901)
““Weren’t you relieved to find he wasn’t dead?”
“No! and yet I don’t know it’s hard to say.
I went about to kill him fair enough.”
“You took an awkward way. Did he discharge you?”
“Discharge me? No! He knew I did just right.””
—Robert Frost (1874–1963)
“Christianity is art & not money. Money is its curse.”
—William Blake (1757–1827)