February 27, 2025

Written by: Daly Kay DiNatale

Hard money is far from perfect. While it does seem simple, an asset secures the loan, so everybody’s safe – hard money is only one option. It is expensive, so things have to work according to plan to materialize.

Hard money does work differently from loans you may have used in the past. Lenders typically use more conservative methods to value property than you typically would expect.

As hard money loans are expensive, there are other methods that can be pursued. Expect to pay double-digit interest rates on hard money. But, don’t let that deter you from applying for your next hard money loan because you never know where the future might take you.