We can help you get the investor loans you need to get started on your project, quickly!
Hard Money Loans are a fast and easy way to get the funds that you need for your project, even if your credit isn’t great. We can approve loans in as little as 24 hours—and our lenders are ready to help you get the funding you need to make your business dreams come true.
Interest rates on hard money loans vary based on the type of loan, the type of property, and the verification of your application information.
If you have any concerns regarding our business funding process, feel free to contact us. Or, to begin a funding application, and explore rates follow the “Get Funding Now” to get started.
Hard money loans are a great way to get the cash you need when traditional lending options are not available. If you’re looking for a loan that can be funded in as little as one week, a hard money loan may be right for you.
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. These loans are often made to borrowers who do not qualify for traditional bank financing, such as people with poor credit or those looking to avoid property taxes.
Hard money loans are most commonly used for real estate transactions and other assets that would typically be considered high-value, such as personal property.
Hard money lenders use the value of the underlying asset as collateral, rather than an applicant’s credit score, to determine whether they’ll be able to repay the loan.
Why do people take out hard money loans?
Hard money loans are used to finance real estate transactions, such as the purchase of investment properties or a refinance. If you are looking to buy a house or investment property in an area where there is already high demand and low inventory, then it’s likely that you will not be able to get traditional financing from a bank or credit union.
If you are looking to buy a house or investment property in an area where there is already high demand and low inventory, then it’s likely that you will not be able to get traditional financing from a bank or credit union. A bank won’t give you money for something they can’t sell, so instead, they will require that you pay the entire balance upfront before giving any loans. This creates a situation where you’ll have to take out hard money loans from private lenders.
Hard money loans are most commonly used for real estate transactions and other assets that would typically be considered high-value, such as personal property.
Hard money loans are usually short-term bridge financing to buy an asset, renovate it, and then sell it at a profit. The lender makes their profit from interest paid by the borrower on the loan amount borrowed. This can be beneficial for both parties involved because hard money lenders are often willing to provide quick funding without having to go through a lengthy underwriting process like traditional banks do when approving loans.
A hard money loan is a short-term loan secured by real property. In contrast to traditional bank lending, a hard money lender provides financing to borrowers that have poor or little credit history and/or who are unable to meet the stringent underwriting requirements of most traditional lenders.
Generally, from an investor’s perspective, there are two types of loans.
Traditional and Hard Money Loans. Traditional lenders include banks and mortgage companies that offer solutions for borrowers that meet their lending criteria. Hard money loans are a bit different than traditional financing options because they tend to be more expensive but can also be approved much faster. Hard money lenders provide funding without regard for credit scores or collateral (e.g., property). They are able to make these decisions because they have the ability to take possession of the property if you fail to pay them back in a timely manner. The primary benefit of this type of loan is that it eliminates any delays caused by traditional underwriting processes; however, there are drawbacks as well such as higher interest rates and added closing costs associated with hard money loans.”
Borrowers often take out hard money loans because they need quick cash or are unable to get traditional financing. They can be used for a variety of purposes including debt consolidation, purchase of real estate investments, fixing up properties that need repair, and more!
A bridge loan is a short-term loan that is used to bridge the gap between the time when a borrower receives the funds from a permanent lender and the time when the permanent lender funds their loan. This type of funding can be very useful in real estate investment as it often takes longer than expected for investors to get their money out of an investment property. A bridge loan is essentially an interim financing solution that fills this gap and helps investors avoid costly delays.
A fix and flip hard money loan is a short-term loan that's used to buy a property, renovate it, and then resell it. The terms of these loans are usually fixed rates and can have repayment schedules up to 12 months. A fix and flip loan can be used for just about any type of residential property; however, they're most often associated with buying low-priced houses in need of renovation in order to sell for a profit. They can also be used for commercial properties as well as vacation homes or investment properties.
If you're looking to buy a home, or are already living in one and want to make it your own, you're probably wondering how to afford the renovations that you want.
Many people believe that they need to take out a second mortgage on their home in order to pay for their renovation. This can be a risky proposition because it could end up costing more than you'd like. With our Residential Rehab Loans, you can get everything you need from one lender—and without any additional costs!
Our Residential Rehab Loans are essentially renovation loans, to finance both the purchase or refinance.
A cash-out refinance loan is a home loan that allows you to refinance your current mortgage and borrow more money. You can use the extra money to pay off other debts, make home repairs or renovations, or invest in other assets.
The process of getting approved for a cash-out refinance might not be as straightforward as applying for a conventional mortgage. Most lenders require that borrowers have at least 20% equity (the difference between the balance on your current mortgage and the value of your home), but some lenders may allow less than 20% equity with restrictions such as lower interest rates and higher monthly payments
Distressed property loans are a type of hard money loan that is specifically used to purchase distressed properties. Distressed properties are usually in default on the current loan and may be at risk of foreclosure or already in foreclosure. The borrower will not be able to qualify for a traditional loan from a bank, because their credit score is low and they do not have enough income to cover monthly payments on the mortgage at current interest rates. These borrowers also typically need repairs done before they can sell the house, so they need extra funds for those repairs as well as to pay off any liens recorded against the property (such as a tax lien). The lender considers these factors.
If you’re a foreign investor looking for a loan to purchase real estate in the United States, then this type of loan might be your best option. A Foreign Real Estate Investor Loan is used to purchase real estate by foreign investors. It’s a great way for foreigners who don’t have enough cash on hand to buy a property outright, but still want an investment property in the U.S., or perhaps an income-producing property that has potential for capital appreciation. These loans can range from $50,000 to $10 million dollars and they usually require little or no money down. he interest rates are higher than a standard loan, but this is to be expected given the risk and complexity of the loan.