Closing soon

Got some conditions back from the bank today. Some of them are a PITA, our broker actually submitted the loan to 3 different banks, just to see who had the better offer to us!
When looking at this loan vs hard money
My loan is 7.875 % with 10% down, no points state income. 30 year fixed, no prepay penalty (need for flips!). 4-5 weeks to close

HML - 14% interest rate, plus points. No prepay penalty. 2 weeks to close.
Which would you choose???

I read this whenever I get irritated with the banks.
The latest the closing will be is the 20th of November. Might have a bit of trouble getting workers to come in that week, with Thanksgiving - but I can at least get started on demo.