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Hard Money is a term that is used almost exclusively in the United States and Canada where these types of loans are most common
- In bartering existing estate, hard coin developed as an alternative "last resort" for acreage owners seeking capital against the price of their holdings
- The industry began in the late 1950s when the approval commercial enterprise in the US underwent drastic changes (see FDIC: Evaluating the Consumer Revolution).
The brains a borrower would pay that estimate is to avoid fast-approaching foreclosure or a "quick sale" of the property. That could gob to as much as a 30% or farther discount as is common on cut short sales. By taking a compendious term bridge or hard beans loan, the borrower often saves equity and extends his time to get his affairs in classification to greater manage Hard Money Lenders the property.
