Hard Money Sales Contract

[LaToya Anderson]

Hi,

I am analyzing 3 deals for a client looking to purchase a fix and flip. My clients want to use hard money for the offer, however, I am not certain how this works in terms of submitting the written sales contract. 

Can someone help me understand, at the time when my clients submit the written sales contract, how will they be certain the hard money lender will fund the deal? What sort of contingencies or addedums will need to be put in place to protect the client in the event the hard money lender won't fund the deal?

Thank you!