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Florida hard money lenders – That means that the Florida hard money lender cannot require a Florida hard money loan applicants to pay more than a full year of payments in advance – called "prepaid interest". However, the Florida hard money lenders can require this on a non-residential Florida hard money loan.
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Hard Money 101: Everything You Need To Know About Getting. – For example, hard money lenders in California generally have lower rates than other parts of the country since California has many hard money lending firms. Increased competition leads to a decrease in prices. Hard money lenders take on more risk with their loans compared to a conventional bank loan. due to this higher risk involved on a hard.