Topic: bridge loan florida

What Are Hard Money Loans and How Do They Work? A hard money loan, often known as private capital, is a type of soft loan that is secured by real estate. Private capital investors, rather than traditional credit unions, banks, or other traditional financial institutions, often fund and issue these types of short-term loans. The payback period might be as short as 12 months or as long as 3 to 5 years; however, the loan term seldom exceeds 5 years. Servicing it, like servicing any other loan, n...