Title: Difference Between Bridge Loan & Hard Money Loan
1Difference Between Bridge Loan Hard Money Loan
2If you're the one who got confused between a hard
money loan and a bridge loan, this guide will
help you out.
Both are the best source of financing for
investors for commercial real estate investment,
but investors are always stuck picking up the one
between these two loans.
3It takes time to find permanent financing, so
companies and businesses use short-term funding
to manage their capital. Bridge Loan is the best
option for businesses to raise short-term
capital.
Hard money loans are issued by private lenders,
not by banks. Hard money loans are the opposite
of traditional loans. Hard money loan is also
short-term funding, and businesses got fast
approval in hard money loan as its required
collateral rather than the applicant's financial
status.
4Similarities Between These Two Loans That
Confused Investors
- Secured by property
- Short loan windows
- Flexible repayment options
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Difference Between Bridge Loan Hard Money Loan