Working for an Arizona Hard Money LenderMay 8, 2012
Arizona Hard Money Makes Investing EasyMay 8, 2012
Arizona Hard Money Lenders Get You the “Cold Hard Cash”
Some people ask the difference between hard money lenders Arizona and private money lenders Arizona. The answer to that question is simple—there is no difference. This money normally comes from private people who have access to a substantial amount of cash—they are extremely wealthy, and they are looking for a way to invest that wealth. So they lend money to real estate investors in order to receive a piece of their profit. So it’s obvious where the term “private money” comes from because private money lenders Arizona are private people, but what about the term “hard money”? Well, have you ever heard the saying “cold hard cash”?
The phrase “cold hard cash” was coined (no pun intended) by merchants and traders who often handled coins. Since coins used to have a high gold and silver content, they were warm and soft and did not wear very well. When more durable metals came into use, they took note that they were cold and hard, which was in contrast to the coins previously used. Eventually, the phrase “cold hard cash” meant coins or bills that are readily and immediately available as a form of payment, verses a check or credit. Therefore, Hard Money Lenders Arizona, are given that name, because the money is readily available to fund your real estate investment. There is no waiting period—you can almost immediately have access to your “cold hard cash” from one of the hard money lenders Arizona. So whether you call them hard money lenders Arizona or private money lenders Arizona, you know that you’re dealing with a person who is going to get you the cash and fast!