Commercial hard money
Encyclopedia
Commercial hard money is a term describing a commercial loan that is generally non bankable. The company usually does not meet the standard banking criteria, but has real estate
and or assets that are sufficient to collateralize the loan to the investors/lenders.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
and or assets that are sufficient to collateralize the loan to the investors/lenders.