Private Lenders vs. Hard Money Lender

[Ifayomi OmiMeje]

Greetings,

As a "newbie" who is rebounding from my first REI non-deal, I am treading the waters once again and working on flipping my REI deal by December 16, 2016. Here's my question: "What is the difference between a Private Lender and a Hard Money Lender?" Thank you in advance for your response.

May we all have Bigger Pockets!

[Micki M.]

Welcome! If you search the site for "private lender vs hard money" you'll come up with a number of threads that discuss the difference, here's one https://www.biggerpockets.com/forums/49/topics/72685-private-lender-vs-hard-money-lender

From a borrower perspective it's all about the cost of money (points, rates, terms) and the risk level (will they foreclose on you, will it ruin your friendship).  Tell us more about your deal.