What are some key differences between a hard money loan and the credit deal such as the one with Trez Capital?
The specifics of each deal vary slightly, but in general the structure of a credit deal and a hard money loan are similar since they are both ultimately debt secured against a property (a mortgage) but hard money lending is more based on speed of money and short-term, generally higher return lending based on the value of the secured asset rather than the borrower’s credit-worthiness. The loan amounts are typically smaller in size.