Investment Loans
Hard Money Loans
Fast-closing, asset-based financing when speed and flexibility matter most.
Overview
What Is a Hard Money Loan?
Hard money loans are short-term, asset-based loans secured by real estate. Unlike traditional mortgages, approval is based primarily on the property’s value rather than the borrower’s credit score or income. This makes hard money ideal for investors who need to close quickly.
Key Benefits
Why Choose This Program?
- ✓ Close in as little as 7-10 days
- ✓ Approval based on property value
- ✓ Flexible terms (6-24 months)
- ✓ No income documentation required
- ✓ Ideal for fix-and-flip projects
Requirements
What You’ll Need
- ✓ Property with sufficient equity (typically 65-75% LTV)
- ✓ Clear exit strategy
- ✓ Property appraisal or BPO
- ✓ Proof of funds for rehab (if applicable)
Who Should Choose This Loan?
Is the Hard Money Right for You?
- ✓ Fix-and-flip investors needing fast closings
- ✓ Buyers purchasing auction or bank-owned properties
- ✓ Investors who don’t qualify for traditional financing
- ✓ Borrowers needing short-term bridge financing
Common Use Cases
How Investors Use Hard Money Loans
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Fix & Flip
Purchase, renovate, and sell for profit within 6–12 months.
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Auction Purchase
Close quickly on auction or bank-owned properties with proof of funds.
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Bridge Financing
Short-term capital while waiting for long-term financing to close.
Important considerations: Hard money loans carry higher interest rates and shorter terms (typically 6–24 months). You’ll need a clear exit strategy, whether that’s selling the property, refinancing, or converting to a DSCR loan. Not ideal for long-term hold strategies.
Frequently Asked Questions
Hard Money FAQ
How fast can a hard money loan close?
Hard money loans can close in as little as 5–10 business days because they’re based primarily on the property value, not borrower income documentation.
What LTV can I expect?
Most hard money lenders offer 65–75% LTV (loan-to-value). Some may go higher based on the deal and your experience.
Are hard money rates higher than conventional?
Yes, rates are typically higher (8–15%) because of the speed and flexibility offered. The trade-off is convenience and quick access to capital.
What’s the exit strategy for a hard money loan?
Common exit strategies include selling the renovated property (fix-and-flip), refinancing into a conventional or DSCR loan, or using rental income to pay off the loan.
Not sure if the Hard Money is right for you? Compare all loan programs →
Ready for a Hard Money Loan?
Get a personalized rate quote and see how much you qualify for.