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About hard money (1082 words) |
 | Hard money policies are those which are against Fiat money and therefore usually in support of the Gold standard, or other standard based on other precious substances. |
| The most common uses of hard money is for business purposes, when time is of the essence and when the borrower or the asset do not fall within the often stringent loan criteria (also known as the sweet spot) for banks. |
| Hard money is often used as a bridge loan for real estate purchases a short term financing solution for any number of reasons, either to avoid a probem or take advantage of an opportunity. |
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