Hard Money Loans

Residential & Commercial

Hard Money Loans
  1. Hard Money Overview
  2. Contact Us
  3. Apply

What is a Hard Money Loan?

A Hard Money Loan is a collateral (or equity) based loan, which puts more emphasis on the lendable equity in your property rather than on your credit.

Hard Money Loans are not only for borrowers with credit issues. There are many reasons that one would seek a Hard Money Loan versus traditional residential or commercial financing, such as:

  1. Hard to finance building types
  2. Quick approval
  3. Fast money without the stringent guidelines of residential or commercial loans
  4. more reasons ...

It is not uncommon to get funding on a hard Money Loan within 5 days if the borrower can provide the necessary information quickly. Hard Money Loans are also used for bridge or short term financing.

Residential & Commercial

It’s an everyday reality that banks and traditional lenders can’t keep up with the speed of doing business. Since Hard Money Loans are short-term by nature with the borrower usually retiring the loan within a year, most borrowers prefer a quick closing (30-days or less) and avoid an intrusive underwriting process. Being able to access the capital you need in just a few days can be imperative to preserving valuable business relationships or capitalizing on tremendous profit opportunities.

For the borrower who wants to instantly restructure debt in preparation for a conventional refinance, or whose plans are to prepare the property for sale at its highest market value, Hard Money Loans can be the fastest and simplest solution--faster than a bank and cheaper than a partner.

All Types Of Borrowers

  • Individuals, Corporations, LLC's, Partnerships, Trusts, Estates, etc.
  • Multiple borrowers and or multiple entities in a single transaction
  • Non-FICO driven. Hard Money lenders base their decisions on the quality of Real Estate

All Types Of Property

  • 1-4 units, Vacation Homes, 5+ Acres, Mix-Use, Industrial, Office, Multi-Family, Self-Storage, Strip Malls
  • Cross-collateralize on multiple properties for maximum loan amounts
  • Subordinate liens O.K.

For Any Reason

  • Property Purchase
  • Properties listed for sale
  • Bankruptcy / Foreclosure
  • Bridge Financing
  • Bank Workouts
  • Construction
  • Use for immediate acquisition of discounted properties
  • Restructure debt, divorce or estate settlement

Portfolio Lending

  • Hard Money Loans do not rely on credit lines or secondary market approvals
  • Creative approaches to "Hard Money" equity loans
  • No seasoning requirements or cash-out limitations

Simple Application Process

  • Call us to take an application over the phone OR
  • Apply for a Hard Money Loan Online OR
  • Print & Fax us your Hard Money Loan application (download)
  • FAST ANSWERS
  • Hard Money Loan applications have a 24-48 Hour Turnaround to obtain a Letter of Interest (LOI)
  • Hard Money Loans typically close in 7-10 Business Days after the LOI is received assuming you have the documentation that the lender asks for readily available.
Loan Amounts:   $500,000 to $10 Million
Loan to Value:   65% to 75%
Interest Rates:   10.99% to 11.99%
Fees:   3 to 5 points
Loan Term:   Up to 5 years
Lien Position:   First.
Prepay Penalty:   None

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