Hard money lending

Hard money lending is an American term for asset-based, short-term property lending assessed primarily on the security rather than the borrower's income, roughly equivalent to what is generally called private credit or private lending in the Australian market. The term is occasionally used by borrowers who have encountered it through overseas content, but it is not standard Australian industry usage, and Australian private lenders and specialist funds writing caveat loans, second mortgages and short-term business loans describe themselves in those terms rather than as "hard money" lenders. The underlying concept translates directly: fast, asset-focused lending with lighter documentation, higher pricing than a bank, and a clear exit as the central credit question. Borrowers researching this space in Australia are better served searching for private lenders, specialist funds or the specific product they need, since local panels and terminology differ from the American market the phrase originates from.

Related

Caveat loans · Private credit · Non-bank lender