Finance
What is 'hard money lending' in Delaware real estate?
ALending with very strict (hard) qualification requirements
BShort-term, asset-based lending primarily secured by the property value rather than the borrower's creditworthiness — typically used by investors for fix-and-flip projects when conventional financing is unavailable✓ Correct
CLending exclusively for commercial properties in Delaware
DGovernment-backed lending for low-income Delaware homebuyers
Explanation
Hard money loans are short-term, high-interest loans from private lenders or investors, primarily secured by the property itself. They are used by Delaware real estate investors for fix-and-flip projects or properties that don't qualify for conventional financing. Hard money lenders focus on after-repair value (ARV) rather than creditworthiness; rates and fees are much higher than conventional loans.
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