“The evolution of hard-money lending has taken a long and fragmented path with products ranging across the spectrum… Against the backdrop of financial crises, demand for hard-money financing grew as collateral types and loan programs expanded, all while conventional financing retracted and conforming lending options narrowed. This set the stage for responsible lending opportunities and the continued evolution of hard-money lending into mainstream financing.”
“With that in mind, the term “hard money” no longer fits in today’s marketplace. A better term would be “alternative equity financing.” Let’s take a closer look at this new lending environment.”
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