What Are Arizona Hard Money Loans?
A hard money loan is a form of asset-based borrowing that deals with real estate financing and lending for other types of projects. With private money lending, the borrower must present assets to use as collateral. Moreover, the borrower must have a need for capital when traditional financing sources are unavailable or have been exhausted. Some borrowers also pursue Arizona hard money loans when their financing needs are urgent and conventional financing sources cannot respond in time.
