8. What Are Hard Money Loans and How Do They Work? | LendingTree
Link: https://www.lendingtree.com/home/mortgage/hard-money-loans/
Description: WebMay 16, 2022 · Hard money loans provide cold, hard cash quickly – typically in just a few days. These loans are secured by a physical asset (like real estate) that the lender can take ownership of if you default. However, hard money loans do have a reputation of being predatory — in exchange for being fast, they typically have high interest rates.