Finance
What is 'hard money lending' and how might it be used in Kansas real estate?
AA government-backed loan for hard-to-qualify borrowers
BShort-term, asset-based financing from private lenders at higher interest rates, used for quick purchases, fix-and-flip projects, or when conventional financing is unavailable✓ Correct
CA loan backed by physical currency reserves
DA construction loan for commercial buildings
Explanation
Hard money loans are short-term, high-interest loans from private investors or companies, secured primarily by the property's value rather than the borrower's creditworthiness. Used by Kansas investors for fix-and-flip or bridge financing.
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