Finance
A hard money loan is typically:
AA government-backed loan with low interest rates
BA short-term loan from a private investor secured by real estate, often at higher rates✓ Correct
CA loan that is difficult to qualify for due to credit requirements
DA fixed-rate loan from a commercial bank
Explanation
Hard money loans are short-term, asset-based loans from private investors or companies secured by real estate. They typically have higher interest rates, lower LTV requirements, and shorter terms than conventional loans. They are often used by investors or for bridge financing.
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