Fix and flip, bridge loans, new construction, whatever your reason, we are here to make the financing process easier and more transparent. There is no reason getting financing should be so complicated or expensive, which is why we keep things simple, make decisions quickly, and don't try to sneak in extra fees or terms. Contact us today to experience the difference for yourself.

Note, we do not lend on primary residences or owner-occupied residential properties.

• What is a hard money loan?

  A “hard money” loan is very similar to a mortgage, just offered by a different party and for a slightly different purpose. They are much more flexible than standard mortgages, and can help fill gaps for situations that don’t “fit,” such as like flipping a home, repairing a commercial property, or working around credit issues or a prior bankruptcy. Much like a mortgage, they use real estate as collateral, and have specific timeframe, interest rates, and an application and approval process. However, unlike mortgages, hard money lenders typically won’t lend on your personal home, and hard money loans often mature in 6 to 24 months instead of 15 to 30 years.

• Is a hard money loan right for me?

  Hard money loans are right for people who know how much they need and for how long. Unlike a traditional mortgage, the point of a hard money loan is only to keep the money for the shortest amount of time, not to drag out payments for longer than most people will stay in the property. Also note, the property cannot be a primary residence or an owner-occupied residential property.

• When is a hard money loan a bad idea?

  A hard money loan is a bad idea if you are simply looking for additional capital but do not have any intended use for that money. A hard money loan may also be a bad idea if you are uncertain how much money you need or how long you may need it.

• Why are interest rates so much higher than traditional mortgages?

  Interest rates are higher than traditional mortgages because the loans are much shorter and don’t consider the credit of the borrower, instead being secured by real property. But, even though the interest rates are higher, a typical borrower pays much, much, less in interest over the life of a hard money loan than a traditional mortgage. For example, a homeowner with a $300,000 30-year mortgage and a 4% interest rate will pay more than $215,000 in interest before the debt is paid off. A borrower of a $300,000 hard money loan at 12% interest might only pay $36,000 in interest before the debt is paid off. Hard money loans are right for people who know how much they need and for how long.

• Where does the money come from?

  Money comes from an investor or group of investors depending on the type and amount of loan. For many loans, a single investor will provide all of the money received by the borrower, and that investor will receive the payments made by the borrower.

• How long does each loan last?

  Most commonly, 6 to 24 months. If you want a shorter or longer term, please contact us.

• How do I qualify?

  Every loan is different, so apply today to get an answer to your specific situation. You can review the loan terms and required documents on our Borrowers page as a reference for what type of information you will need to move forward.

• What if I have bad credit or have had credit problems in the past?

  Your credit is not a factor when determining the viability of a potential loan. Rather, we look at the valuation of the underlying property, market conditions, the intended purpose, and other similar factors. You can still get a loan if you have bad credit, as long as your property and business case are solid.

• How long does it take to close?

  The time to close will vary depending on the structure and amount of the loan, but most loans will close in 7 to 14 days, with some loans in as little as 24 to 48 hours.

• What if I don’t have a preferred Title company?

  No sweat. Just let us know and we’ll recommend one we’ve worked with in the past.

• How will I receive the money?

  After completing the loan process, the money will be wired to the designated account of your choosing.

• What if I pay the loan off early?

  Congratulations! There are no prepayment penalties, so if you pay off the loan early you are free to move on to your next project, no strings attached.

• What if I need more time to pay off the loan?

  If you anticipate needing more time to pay off the loan, please contact us as soon as possible to renegotiate the terms of your loan. If you wait until the last minute, there may be nothing we can do to help you.

• What happens if I miss a payment or pay late?

  The best place to answer this question would be the loan documents specific to your loan. A grace period may be provided to account for a delayed payment or late fees may apply, but generally an unnoticed missed payment will qualify as a default on the loan.

• How can I get started?

  Submit an application