A private money loan, also known as a "hard money loan," is a loan made to an investor or other individual that uses real estate as collateral. In these cases, the lender is typically an individual or private lending company rather than a bank or credit union, and the borrower is typically a real estate investor in need of cash to purchase or rehab a property. Borrowers who have been denied a loan by a traditional lending institution or who need to close a transaction faster than a bank will allow typically take out hard money loans. Read more: https://lenderscincinnati.blogspot.com/2022/10/make-hard-money-loan-simple-with.html