Hard Money w/t – Takes you inside the high-octane world of “hard money” lending. Sometimes referred to as legal loan sharks, hard money lenders have immediate access to immense sums of cash (think hundreds of millions of dollars) and are willing to lend it to borrowers who need money fast at very steep interest rates. As a commission-only based business, hard money lenders are constantly on the hunt for large, quick deals with legitimate collateral. The more deals they fund, the more they make. It’s high risk, high reward, and every loan is a cat-and-mouse game that’s part PI-work and part high-stakes poker.
Source: CNBC press release