Hard money loans

[Daryl Williams]

hey all, as a new investor i have been reading up onbhard money loans so i figured i would ask on here if any one could break it down in lay mans terms for me please. I am especially interested in any costs that may be needed to acquire a loan such as down payments or any other fees and also is there typically a grace period before you begin making payments.

Any and all answers will be greatly appreciated.

Thanks alot