A lender who makes loans based on the value of the collateral securing the loan rather than the borrower’s predicted likelihood or ability to repay the loan.
Find out more about hard money loans (and find a reputable lender) with the American Association of Private Lenders.
Filed under Funding
Related terms
Have a deal that needs funding?
Brokers send a deal to Think, get an indicative term sheet from the borrower’s numbers, and move to a lender when the packet is complete.
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