Finance
A private money lender in Vermont (hard money loan) typically:
AOffers the lowest interest rates in the market
BProvides short-term, asset-based lending at higher interest rates, often used for fix-and-flip investments✓ Correct
CIs regulated by the Vermont Housing Finance Agency
DRequires no appraisal or inspection
Explanation
Hard money (private money) loans are short-term, asset-based loans primarily secured by the property value rather than borrower creditworthiness. They carry higher interest rates and fees, often used by investors for quick acquisitions and renovations.
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