In the most basic economic context, hard money describes physical  currency. In real estate financing, however, it refers to asset-based  financing, where the borrower receives funds secured by real property.  In most cases, private investors are the biggest lenders of hard money  loans. Such asset-based financing carries a higher interest rate than  conventional loans, but is easier to acquire. It lets you think quickly,  make your deals easy & close the real-estate transactions in less  time. Moreover, it is safe, sound & suitable if you pay back the  loan on time. Here are a few instances where you may want to work with a  professional hard money lender in Los Angeles County.