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Hard Loan

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Hard Loan
A foreign loan that must be paid in the currency of a nation that has stability and a reputation abroad for economic strength (a hard currency).

Notes:
For example, a loan agreement between a Brazilian company and an Argentinean company where the debt is to be paid in U.S. dollars.

See also: Hard Currency
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Many of these properties eventually find a prime lender to replace the hard loan at more competitive rates, but without the risk-tolerant lenders, the property never would have had a chance.
Hard money lenders going mainstream by Real Estate Weekly
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