A hard money loan has a completely different modus operandi, here the creditworthiness of the borrower is of no essence to the loaner because the loan is annexed upon the value of a property. A real property is used as collateral or assurance by the lender, this loan is usually utilized by realtors who seek to modernize the house or whatever property with the loan and resell it to repay the loan who’s term of reimbursement usually lasts between one to three years. It is for this reason that a higher