Please explain a Hard money lender

[Dakota Cochran]

so basically I’m new to real estate and I’m looking at a property , the guy wants cash only and if I don’t have the funds and don’t want a partner that leaves hard money lending, right? So I think I have a basic understanding but what’s the fine print? How do i find a hard money lender, what’s a good interest rate,  any major things to watch for or anything I need to know to protect myself? 

Thanks a million!