Are all hard money lenders the same? If not, how are they different?

[Nick Tang]

I know a rate and term battle could make a difference.. but what else should one look out for when looking at hard money?  Examples are as follows...

What is the LTV vs.. LTC of the loan?  Do they need an apprasial or not?  What are the hard cost to borrow?  

[Rob Beeman]

Beyond the costs associated with the loan, a consideration should be how useful they will be in helping you grow your business (if that is the plan). Some lenders handcuff your growth (limit the loan size, limit the number of open loans, etc.) Also, do they do other things besides just lend. The last crash took many lenders that were just lenders........out of business.