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Personal Finance > Loans (Other) Guide to hard money lenders

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Hard Money Lending...the name seems to imply a sort of predatory lending; excessive fees and rates, grandmothers thrown out in the snow for one missed payment and ruthless collection tactics. But Hard Money Lending, also known as Private Equity Lending, is none of these things. It is, in fact, a type of "makes sense" lending that traditional banks simply cannot offer. There are many reasons people turn to Hard Money loans; speed, credit problems, probate and construction, just to name a few. The best way to explain what Hard Money lenders do is to provide a real-world example that is happe...

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