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SarahD
Joined: 18 May 2005
Posts: 7
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 Posted: Mon Oct 25, 2004 10:17 am Post subject: what is hard money and soft money in realestate? |
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| what is hard money and soft money in realestate? |
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MitchB
Joined: 19 Apr 2004
Posts: 4
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| Posted: Fri Nov 05, 2004 7:24 pm Post subject: what is hard money and soft money in realestate? |
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| money is money to me |
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Legend5949
Joined: 30 Nov 2003
Posts: 4
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| Posted: Wed Nov 17, 2004 4:31 am Post subject: what is hard money and soft money in realestate? |
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| It's not just real estate but hard money is money you obtain privately from an investor, typically with a larger interest rate.Soft money is your typical bank loan. |
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TD
Joined: 07 Mar 2007
Posts: 2
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| Posted: Sun Nov 28, 2004 1:38 pm Post subject: what is hard money and soft money in realestate? |
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| actually you need to be specific as to the context.For example, in real estate development there are hard and soft costs involved with the development process.If you are talking about financing on a piece of real estate hard money is a high interest rate, high cost loan that lends strictly off the value of the property, generally without regard to credit, income or employment status of the borrower, whereas soft money would be a standard loan.Then there are hard and soft prepayment penalties. Hard prepayment is when you have to pay the penalty if you pay off the loan early, regardless of circumstance. On a soft prepay you only pay the penalty if the loan is refinanced, but not if you pay off early due to selling the property.I mention all of these, because frequently a poster gets 2 things confused and misnames them.Hope this was helpful. |
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