A short-term loan secured by real estate, typically from a private lender, at high interest rates (10-15%). Often used by investors to buy distressed property quickly. Closes faster than conventional loans but not as fast as a true cash sale.
Related terms
Reviewed by John Quigley · Founder, BuyHousesInCash · Last updated May 2026
Selling a house in a hurry?
We close in 7 days. No fees, no repairs, no agent commissions.
Get a Cash Offer →