Hard Money Loans

Hard money loans are short-term, asset-based loans typically used in real estate transactions. They offer quick access to funds but usually come with higher interest rates and shorter repayment periods.

What are Hard Money Loans?

Hard money loans are short-term financing options typically used by real estate investors to purchase or renovate properties. Unlike traditional bank loans, hard money loans are funded by private investors or companies and are secured by the value of the property itself.  

Why Choose Hard Money Loans?

• Quick Approval Process

  Traditional loans can take weeks or even months to get approved. Hard money loans, on the other hand, can be approved in as little as a few days, allowing you to move quickly on investment opportunities.

  Flexible Terms

  Hard money lenders often offer more flexible terms and are willing to work with borrowers who may not qualify for traditional financing due to poor credit or unconventional income sources.

  Focus on Property Value

  Lenders primarily consider the value of the property rather than the borrower's credit score. This makes it easier for investors with less-than-perfect credit to secure funding.

How Do Hard Money Loans Work?

1. Application: Submit an application with details about the property and your investment plan.
2. Property Evaluation: The lender will assess the property's value and potential.
3. Loan Approval: If the property meets the lender's criteria, the loan will be approved.
4. Funding: Funds are typically disbursed within a few days.

Repayment: Hard money loans usually have higher interest rates and shorter repayment terms than traditional loans.