Commercial Hard Money
Commercial hard money is similar to traditional hard money, but may sometimes be more expensive as the risk is higher on investment property or non-owner occupied properties. Commercial Hard Money Loans may not be subject to the same consumer loan safeguards as a residential mortgage may be in the state the mortgage is issued. Commercial hard money loans are often short term and therefore interchangeably referred to as bridge loans or bridge financing.
Read more about this topic: Hard Money Loan
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)
“Lovers, when they are no longer in love, find it very hard to break up.”
—François, Duc De La Rochefoucauld (1613–1680)
“I have imbibed such a love for money that I keep some sequins in a drawer to count, & cry over them once a week.”
—George Gordon Noel Byron (1788–1824)