Posted by Ed Garcia on January 04, 2001 at 09:23:09:
Hard Money, is a term coined about lenders who make loans strictly against equity. The reason they are called hard money loans, is because of absorbent loan cost.
My suggestion is for you to go to a mortgage broker in your area and explain to them that you are in need of a hard money( equity lender) lender.
Hard money is usually lent at 65% LTV (loan to value) of market.