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Hard money loans can get you the money you need sooner than you would with a traditional loan. This is especially helpful in real estate markets that are moving very quickly. You might miss out on every investment opportunity if you have to wait weeks or months for the cash to make it to your bank account, as is typical with a traditional loan.
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Hard money loans, sometimes referred to as bridge loans, are short-term lending instruments that real estate investors can use to finance an investment project.This type of loan is often a tool.