Hard Money Versus Bank Line of Credit

[Brad D.]

Is there an advantage to Hard Money Loans over a Line of Credit at a bank? If I'm planning to buy SFH for a rental at 65% LTV, do light rehab carpet/paint, get it rented, then refi into conventional loan at 75% LTV.

If the Line of Credit is 9 or 10% versus HML which might be 4 points, plus $895 fee, and then 14%. Since most Investors do HML, there must be an advantage to that, maybe it not showing up on credit since they don't report?