oboloo

oboloo Glossary

Hard Money Loan

oboloo Glossary

Hard Money Loan

A hard money loan is a short-term, higher interest loan that is collateralized by real estate. These types of loans are typically acquired by investors for business purposes or to purchase properties that need rehabbing or to make mortgage payments during a temporary lull in cash flow. Hard money loans can be used to finance a variety of projects and often come with terms like fixed interest rates and variable repayment schedules. The key advantage of these loans is their flexibility and convenience, but they tend to be more expensive than traditional mortgages.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971