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:
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)
“He might have been the dream of a ghost
In spite of the way his tail had smacked
My floor so hard and matter-of-fact.”
—Robert Frost (1874–1963)
“When it comes to money nobody should give up anything.”
—Anthony Trollope (1815–1882)