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Hard Money & Private Money

Hard/Private Money Loans

If you are looking for quick money to buy an investment property, a hard money loan may be ideal. The investment property you purchase is used as the collateral for the loan, but because these are nonconforming loans that do not go through a traditional mortgage process, the purchase can take place much quicker then a traditional loan would allow.

Hard Money & PrivateMoney FAQs

What is a hard money lender?

Hard money loans are usually funded by individuals or private investment companies, not banks. These lenders offer loans based on their own guidelines with the home being purchased used as collateral to secure the loan.

Why would a borrower use a Hard Money Loan?

Real estate investors prefer hard money financing over traditional or bank financing for a multitude of reasons. A few main factors are the quick close and less contingencies on financing. This can be an extremely powerful negotiating tool when purchasing investment real estate.

How do I qualify for a hard money loan?

To qualify, a borrower will need to determine the purpose of loan - consumer (owner occupied and second homes) or for business purposes (investment, rental). Once a mortgage application is complete, the file can be underwritten for risk by providing financial documentation, a title report, and a property appraisal.

How are the interest rates on hard money loans?

Because hard money loans are riskier ventures than a traditional loan, interest rates and fees are typically higher then other mortgage options. However, for most people who need a hard money loan, this is a welcome trade off for having quick access to funding as most of the homes are held for relatively short periods of time before being sold again.

Contact us

With access to over a dozen banks and investors, let us do the heavy lifting for you when it comes to your home loan.
Contact us now for a free consultation today, whether you are ready to buy or refinance your home orIf you just want to know what it takes to get started – we’re here to get you to the Next Level.

Contact us now for a free consultation.

Whether you're ready to buy or refinance or if you're planning for the future - We're here to get you tothe Next Level.

With an extensive network of banks and investors, let us do the heavy lifting for you when it comes tofinding the perfect loan for your perfect home.