Our hard money loan program is an ideal financing solution for property rehab specialists like you. We’ll get you funded quickly and with minimal inconvenience and absolutely no up-front cost.

In fact, our hard money loan program has a reputation of being very “borrower friendly.” As a result, we have many repeat customers.

If you would like to take advantage of our hard money lending program to get your rehab property financed quickly, please contact us. We are here to help you achieve your real estate investing goals.

The Benefits of Residential Hard Money

Equity is the name of the game in real estate. So when you’ve found a hot rehab property with lots of equity, you’ve got to move fast. Fast financing can mean the difference between winning and losing out on a property—and all of the equity it promises.

You could reach into your pocket and pay cash for the property, or you could tap an equity line of credit. However, if you even have these options available to you, you must watch out—these financing methods unreasonably burden you with excessive risk.

A hard money loan, on the other hand, is a far safer and more readily available option, and therefore a better way to achieve fast financing. And when buying rehab properties, it doesn’t get much better than fast, available, and safe.

So contact us now to get the ball rolling on your hard money loan today.

Our Hard Money Loan Guidelines

Here are the guidelines of our hard money loan program:

• Our loans are commercial loans because we work only with investors on non-owner occupied properties.  We do not loan to homeowners.

• Our loans include the purchase price, the rehab cost (material and labor) and all closing costs.  It is a $0 down loan.  Also, there is no application fee and the appraisal and insurance fees are paid out of the closing costs.

• We loan on 1– 4 unit, residential properties only.  The loan amounts are from $40,000 to $250,000.  Our borrowers can do two loans at the same time.

• We loan up to 70% of the after-repair value (ARV).

• Our borrowers must have a 640 middle score or a co-signer with a 640 credit score. 

• Our loan program is:
  • Stated income
  • No doc
  • No tax returns
  • No bank statements

• The loan is for 12 months, interest only, with no pre-payment penalty, and we do not report to the credit bureaus.

• We allow borrowers to close in a trust, LLC or corporation.  However, they do sign personally for the loan.

 

*NOTE: Our borrowers typically pay back their loans in 90 – 180 days, minimizing the amount of interest they pay. Therefore, with no application fee, no pre-payment penalty, stated income qualification, interest only payments and quick financing, our hard money loans are a superior product when you need rehab money ASAP.