HML or PML or Conventional financing?

[Sunil Sharma]

Hello Forum,

I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private Money Lenders and conventional Lenders (Banks)? Why am I getting lower interest rates from PML than HML? Is there any catch that I am unable to understand? Also what all should I consider while financing thru HML or PML? Sincerely Appreciate your answers and suggestions.

Thank you!

Sunil