Hard money lenders can approve and fund a loan at a much faster rate and with far less documentation than a bank. Approval and funding from a hard money lender can be completed within a week. A typical loan from a bank or conventional lender will often take at least 30 to 45 days for approval and funding.

Hard money lenders are primarily focused on the value of the real estate that will serve as collateral for the loan and the loan to value ratio. Banks typically focus on the borrower’s credit rating, income and employment history.

Hard money loans are intended to be short-term loans (1-4 years) while banks offer loan terms up to 30 years. Interest rates from banks will be lower compared to rates offered by hard money lenders.

Fill out our “Apply for a loan” and a loan officer will contact you within 24 hours (during normal business hours).

Residential, Multifamily, and Commercial

A hard money loan is used for various reasons. The number one reason is time - the loan needs to close quickly for whatever reason. Our average close time is 5-10 days (depending on property, location, etc…).

Hard money loans can also be utilized when conventional financing is not an option because of bad credit score, income statements, etc…

We lend from 75k to 25 million depending on the property type, location, loan to value, etc…

We lend maximum 75% of the ARV - The after repair value of the property.

loans in which the borrower intends to live in the property for which they are obtaining the loan are called Owner Occupied Loans.

Most Hard Money Lenders do not fund owner occupied loans, because these loans are heavily regulated by the government.

Borrowers must meet a certain debt to income ratio and are required to prove their income and debts - applying extra paperwork.