Being a hard money lender, our team at Murk Investments Corp wanted to give you a go-to page where you can read some fast facts on hard money loans. A hard money loan is a short-term asset-based loan funded by private individuals or other financing through a broker where the loan is secured by real...
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What Type of Insurance is Needed for a Hard Money Loan?
A hard money loan is an asset-based type of financing where the loan is secured by real property and is for business purpose use only. In order to additionally protect their investors, a hard money lender requires any borrower to insure the non-owner-occupied property for the life of the loan.The hard money lender will generally...