Hard money lending is a type of short-term, high-interest loan that is secured by real estate. Hard money lenders typically lend to borrowers who have been turned down by traditional banks due to poor credit or other factors. Hard money loans can be used for a variety of purposes, such as purchasing investment properties, fixing and flipping houses, or consolidating debt.
There are a number of benefits to becoming a hard money lender. Hard money loans can be a lucrative business, as they typically come with high interest rates. Hard money lenders also have the potential to help borrowers who are in need of financing but who may not be able to qualify for a traditional loan.