Bridge Loans vs. Hard Money Loans: Which Is Right for You?
Bridge loans and hard money loans are short-term real estate financing options with distinct purposes. Bridge loans help homeowners or businesses buy a new property before selling an existing one, relying on credit and equity with moderate interest rates. Hard money loans cater to real estate investors, focusing on property value for quick approvals but with higher costs. Choose a bridge loan for transitions or a hard money loan for investment projects based on your specific needs and goals.