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:
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—Raymond Chandler (1888–1959)
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—Carson McCullers (1917–1967)
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—Robert Benchley (1889–1945)