Finance
A 'hard money loan' in NC real estate is characterized by:
AA low-interest rate conventional loan
BA short-term, asset-based loan from private lenders with higher rates and fees, used for investment properties or when conventional financing is unavailable✓ Correct
CA government-backed loan for low-income buyers
DA fixed-rate mortgage from a credit union
Explanation
Hard money loans are asset-based (secured by the property), short-term, higher-rate loans from private investors or companies — commonly used by investors for fix-and-flip projects.
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