In addition, the American Association of Private Lenders (AAPL), another industry trade group, published an article, “The Demise of ‘Hard Money’ in a Private Lending World,” highlighting the group’s efforts since its inception to minimize the use of the hard money term. AAPL also made the change around hard money terminology the focus of its 2021 conference.
The American Association of Private Lenders (AAPL), another industry trade group, published an article titled “The Demise of ‘Hard Money’ in a Private Lending World,” emphasizing their efforts since their founding to reduce the use of the term "hard money." AAPL also made the shift in terminology a central theme at its 2021 conference.