Fix and Flip vs. Hard Money - Same thing or not?

[Kohei Hayashi]

In most books involving flipping, the authors usually bring up hard money as an option to help fund your deals early on in your investing career because they are focused on the hard asset. I was under the impression that because they are focused on the property, they don't usually care much about your credit score. However, I came across a fix and flip loan that looks a lot like a hard money loan, except that they have minimum credit score requirements, liquidity requirements, and reserves requirements. After some Googling, it looks like these are two different types of loans. They're both asset-based but one has more underwriting.

I'm interested in the fix-and-flip loan if the additional requirements will end up giving better loan terms. Does anyone have experience using fix-and-flip loans with these additional requirements? How did their terms compare?

[Greg Scott]

A rose by any other name...