May 21, 2007, 23:23,
The non-conventional lenders don't care where the equity comes from, they simply want to know that there is equity there.
Sep 24, 2006, 22:09,
Hard money loans require extensive due diligence, have to follow state laws and regulations regarding usury and APR disclosure etc. Discounted notes are seasoned notes with higher yields could be resold at a profit yielding much lesser, are secure investment as compared to getting involved in hard money loans.