Do We Still not know What Hard Money Is?? I'll put it like this!

[Tyrell Proby]

To give you the easiest version to understand. Hard money is a type of short-term loan that is used by real estate investors to finance investment properties. Unlike traditional bank loans, which are based on the borrower's credit score and financial history, hard money loans are based on the value of the property being used as collateral.

Hard money loans are issued by private lenders, rather than traditional banks, and are designed to be fast and flexible, making them a popular choice for investors who need to secure quick funding. The loan term is usually short, ranging from a few months to a few years, and the interest rate is typically higher than that of a traditional bank loan.

If you are looking for a quick and flexible financing solution, Hardmoney allows you to take advantage of investment opportunities that may not be available through traditional banking channels.

[Robin Simon]

Quote from @Tyrell Proby:

To give you the easiest version to understand. Hard money is a type of short-term loan that is used by real estate investors to finance investment properties. Unlike traditional bank loans, which are based on the borrower's credit score and financial history, hard money loans are based on the value of the property being used as collateral.

Hard money loans are issued by private lenders, rather than traditional banks, and are designed to be fast and flexible, making them a popular choice for investors who need to secure quick funding. The loan term is usually short, ranging from a few months to a few years, and the interest rate is typically higher than that of a traditional bank loan.

If you are looking for a quick and flexible financing solution, Hardmoney allows you to take advantage of investment opportunities that may not be available through traditional banking channels.

 I think the key thing here too which you touch on but should probably expand further on is "short-term loan" - the clearest differentiator in my view of what constitutes "hard money" is that it is a bridge or temporary solution, i.e. high rates and short term with the intention of the borrower refinancing or selling the property in pretty short order.  Anything that would be considered "permanent" financing - i.e. long term with the intention for the investment property to cash flow and be held over any extended period would not be considered "hard money" in my book