The hard money lender will still need to record the loan against the property, of which that loan will be junior to other liens on title. if the borrower defaults, sure the hard money lender can foreclosure like a normal loan.

The 2nd loan will be junior to the original loan. 

Quote from @Michael Junior: Quote from @Chris Seveney: What is the balance on the loan?

I am about to turn twenty years old and am currently a junior in college.

I wish I started when I was your age (10 yrs my junior)my advice which I wish someone told me 10 yrs ago1) max out the Roth IRA if you are eligible2) start investing in real estate - buying a unit in each town I live in and either having roommates to help save the cash and then turning into a long term rental after I leave

Also a bridge loan is not the same as mezzanine loan which is a subordinated loan that provides additional equity and is junior to the senior debt but senior to the equity. 

Tried to get all my thoughts down but really would just appreciate anyone who's willing to give advice based on my situation.I'm a Junior at Santa Clara University who has been interested in real estate investing for the past three years.

You wouldn't want a junior box of 6,000 to 10,000 sq ft because if they go out as a mini-anchor you are negative cash flowing.

21 year old Junior in college.

Sometimes a retail strip center on 10 acres where the owner would not give up the land and the developer agreed to the ground lease because location was A+++ to develop.It can causes issues when buildings are sold if lender wants landowner to subordinate their rights to a junior position.Usually you get much less rent for a ground lease versus other investment strategies.