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» Hard Money for Your Private Residence

Posted on 10/12/2004
Generally, hard money is collateralized by commercial property and the proceeds are used for commercial purposes. However, in some states, it is possible to collateralize your residence for a hard money loan if the proceeds are used for commercial purposes.

Be ready to demmonstrate that the funds will be used to start, support or grow a business, invest in real estate or some similar commercial purpose.
Posted in Miscellaneous