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San Diego hard money, also know as private money, can be a perfect source for bridge loans. A bridge loan is a general term used to describe a short term loan. Typically bridge loans are less than 12 months but could extend as far as 24 months.

San Diego hard money, also know as private money, can be a perfect source for bridge loans. A bridge loan is a general term used to describe a short term loan. Typically bridge loans are less than 12 months but could extend as far as 24 months.

You may want to use San Diego Hard Money because a conventional loan through a bank is not available to you. A bank may not loan you the money for various reasons. They may have issue with the collateral or property; they may have concerns about your credit history.

When one discusses real estate loans the term ‘hard money’ often comes up. But what is hard money exactly? Well, hard money is also known as private money and it is used when describing any loan that is made by either a private person or an entity. When it comes to real estate transactions in the California area both terms are frequently used.

1. What is a hard money loan?

There are of course a number of reasons why you may want to use San Diego Hard Money. For example, you may not be eligible for a conventional bank loan, or in fact, the bank may not want to lend you money for some particular reason such as you having a poor credit history, or perhaps there are some issues involving collateral.