What is hard money lending in real estate?
Hard money is short-term, asset-based financing from private lenders. Terms: typically 12 to 18 months, interest rates 10 to 14%, origination fees 1 to 3 points. Lenders qualify primarily on the property's ARV and your equity position, not your credit score or income. Designed for fix-and-flip and BRRRR acquisitions that don't qualify for conventional financing.