Talk:Hard money loan

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I won't add the links myself, but this article's content was created using references from this website - www.avatarfinancial.com - which I helped build (my staff and myself worked on the Wikipedia article, though it's been edited somewhat since). I know Wikipedia doesn't like to link out to commercial sites, but I do think that a reference to the domain, from which much of the information was garnered, would be appropriate. --Randfish 19:03, 28 February 2007 (UTC)

Removed links to individual site "Avatar". Removed "Weird Loans" link which did not lead to information within the accepted industry standard of two clicks.

This article was created based on the information available here - [1] and on other pages of that site. It was in the original references and is the source material, why was it removed?

Hard Money Loans are also known as Bridge loans, Asset Based loans, and Equity based loans. They are used as short term loans to purchase real estate or refi real estate when the borrower needs the deal done quickly and the plan is to refi or sell the property in a short period of time. They are used when a person's credit is not up to par, and the borrower plans to fix his/her credit in a year or two.

I took out the advertizement phone number. 68.4.59.67 17:08, 5 May 2007 (UTC) John Doyle

[edit] Needs clean-up

I'm going to add some clean-up, citation, and/or copyedit citation tags. This article has some use but it's very messy, full of typos, unsourced, and has some dubious-sounding information. One thing I see right off the bat is that the introduction distinguishes bridge loans from hard money loans on account of hard money loans being any asset based loan at a high interest rate (I don't think that's true, I think it also implies private non-bank financing), whereas a bridge loan refers to a commercial or investment property (what's the difference?) that may be distressed (definitely not true; bridge loans are used for many other purposes inside and outside the real estate industry). The very next section, "loan structure", says hard money loans are real estate loans, contradicting the above. Midway down the page the concept of "commercial hard money" is introduced without explanation of what it is. What a mess! Wikidemo 04:15, 13 August 2007 (UTC)