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· FAQ: Hard Money Lending Laws. It depends. State law governs licensing of mortgage lenders and, therefore, varies from State to State. However, under Pennsylvania law, lenders making mortgage loans to borrowers strictly for business or commercial purposes and for non-residential property are NOT required to obtain a mortgage brokers license.
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"In 2018, the real estate marketplace continued to reaffirm its confidence in Eastern Union and our brokers," said company founder and. preferred equity and hard money loans. Managing director.
A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions. The terms are usually around 12 months, but the loan term can be extended to longer terms of 2-5 years.
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