HARD MONEY LOANS

• Loan amounts available from $50,000 - $5,000,000

• Quick approvals

• Funding in less than a week

• Up to 36-month repayment terms

• Up to 36-month repayment terms

• Low-fixed payments

• 30-year amortization schedule

• Built in rehab costs financing

Hard money loan advantages

• Rental property purchase loan

• Commercial property purchase loan

• Renovations and remodeling

• Short-term real estate purchase loan

• Business acquisition

• Portfolio real estate loan

Common uses for our hard money loans

Hard Money Loans

A commercial hard money loan is a business loan secured by real property and is usually considered higher risk and with higher costs

Hard money lenders are generally private investors or companies, not banks. They do not function with the same regulations as typical loan institutions, meaning they are free to make their own rules about lending. It’s possible to be turned down for a mortgage loan from a traditional lending institution but get approved for a hard money loan. That’s because hard-money lenders are primarily concerned with the value of the collateral used to secure the loan. Should you default on the loan, they will access the property.

Hard money loans are a specific type of loan provided by private individuals or investors, rather than traditional banks or financial institutions. In simple terms:

1. Private Lenders – Hard money loans come from individuals or groups with significant capital to invest. These lenders are not bound by the same regulations as banks, so they can be more flexible in their lending criteria

2. Asset-Based Loans– Unlike traditional loans, hard money loans are secured by the value of a property or asset. The property itself acts as collateral. Because of this, these loans are often used in real estate transactions

3. Quick Turnaround – Hard money loans are known for their fast approval and funding process. Traditional bank loans can take weeks or months to process, but hard money loans can be approved and funded in a matter of days

4. Higher Interest Rates – One significant characteristic of hard money loans is that they usually come with higher interest rates compared to traditional loans. This is because they involve higher risks for the lender, as they often lend to borrowers who might not qualify for bank loans due to poor credit or other financial issues

5. Shorter Terms – Hard money loans typically have shorter loan terms, often ranging from a few months to a few years. Borrowers are expected to repay the loan in a relatively short timeframe

6. Use Cases – Real estate investors and house flippers often use hard money loans because they can secure funds quickly to purchase a property, make necessary improvements, and then either sell the property for a profit or refinance it with a traditional mortgage.

In summary, hard money loans are quick, asset-based loans provided by private lenders at higher interest rates. They are valuable for individuals and businesses needing rapid access to funds, especially in real estate transactions where timing can be crucial.