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As a bridge loan for real estate purchases -
a short term financing solution for any number of
reasons, either to avoid a problem or take advantage
of an opportunity. |
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As a means by the current owner of a property
to save it from foreclosure. |
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As a way to finance business acquisitions/mergers
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As a way to accomplish business turnaround strategies,
because the borrower often does not meet bank financing
criteria |
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It is an expedient option for the restructuring
of debt or to avoid corporate or personal bankruptcy.
|
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When instant cash flow is required, and bank
loans would take too long or the borrower does not
meet bank lending criteria, hard money may be used
to meet environmental protection agency mandates,
taxes, fines and/or levies. |