Hard Money Lending

What is Hard Money Lending?

Hard money refers to a type of short-term, asset-based loan that is typically used in real estate transactions. Unlike traditional bank loans, which are based on the borrower’s creditworthiness and financial history, hard money loans are primarily secured by the value of a specific property or asset.

Fix & Flip | New Construction Application

Whether you are renovating with a fix and flip or building new construction our short term bridge loan provides a first class experience for any investor. Our signature in-house process and team will provide you with the funds for construction and acquisition for your project. Our team will help stress-test and evaluate your deal based on risk and profitability.

Rental Application

Build wealth and your portfolio of rental properties as an investor and landlord. Our rental program provides you with long term financing for your 1-4 family properties. Our in-house process from processing, underwriting, and funding provides a first class experience for investors. We custom tailor each loan based on your needs for each property.

Fix & Flip | New Construction Quote

Complete this form to receive a quote for loan terms and options related to your short term bridge opportunity. Use this for your fix and flip, fix to rent, new construction, and bridge loan inquiries.

Rental DSCR Loan Quote

Complete this form to receive a quote for loan terms and options related to your rental property. This for rental purchase, refinance, cashout refinance, and short term rental.

Pre-Approval Application

Complete your pre-approval application today to better position yourself for the fastest service possible as you are looking at potential opportunities. Along with getting familiar with our team and process we can get to know you and your lending needs. Enjoy the benefits of having unlimited access to proof of funds letters when making offers and being pre-approved.

Proof Of Funds

Once pre-approved with our team you request your proof of funds letter when making offers. Providing proof of funds will instill confidence to the sellers your team is working with. Each one of our proof of funds is vetted by our team individually to ensure validity for our borrowers. As well, we have added a verification number for each letter that can be verified on this page.

Freqently Asked Questions

For our Fix/Flip, New Construction, and Bridge our typical term is 12-18 months depending on the project size. For our DSCR rental loans the term is 30 years with varying options for prepayment penalty and ARM’s with interest only periods if they are desired.

For our Fix/Flip, New Construction, and Bridge we will close typically in 2-3 weeks but can close faster with appraisal, title, and other necessary docs in hand. Our Rental DSCR can close in 4-5 weeks. We can close quicker with above-average response times, great organization, and preparation.

Depending on the loan product and duration the rates will vary based on experience, credit, and the overall deal. For our Fix/Flip, New Construction, and Bridge rates are currently between 10-12%. Rental DSCR are between 7.5-9.5%

We charge 2-3 points on most deals and are dependent on the experience, credit, and loan type. The points are paid up front at closing with your other associated closing costs.

Our lender’s legal fee is $1000 and the commitment fee is $995 and a $40 wire fee. For each draw request the draw inspection fee is $250.

We hire a vetted third party AMC or appraiser for all of our properties we are lending on. If you have a requested appraiser we can get their license, examples of appraisals, and see if we can get them added on our list of approved appraisers for future appraisals.

We will work with you if you need additional time and the loan is current and up to date with payments and the insurance is current. We offer on a case by case basis 30 day, 3 month, and 6 month extensions depending on the situation. When extending the loan it is subject to a 1-2 point extension fee.

For our Fix/Flip, New Construction, and Bridge loans we do not have any prepayment penalties. Our Rental DSCR loans have varying prepayment penalties that can be chosen from 1-5 years.

We are looking at both the deal and the borrower(s). Part of the asset in the deal is the operator and a good deal can be spoiled by a bad borrower. We want to understand if the deal makes sense and that we are comfortable that the borrower will make their payments on time, complete the project within the term period, and return the money to us.

Our loans are considered “light doc” loans where we are looking at the liquidity, creditworthiness, experience of the borrower, and deal specifics. We require proof of liquidity through bank statements and a stated income personal financial statement but we are not looking at tax returns and income verification.

For experienced investors our minimum is 650 and for newer investors and our rental DSCR loans 680 is our minimum.

We only perform a hard pull on live fix/flip, new construction, and bridge loans. That credit report can be used for subsequent deals usually up to 3-6 months and after that time we may request to have an updated credit report on file for upcoming projects.

We cannot fund within 5 years of a recent bankruptcy or foreclosure.

Depending on experience we require for 10-30% of the purchase price for money invested in the deal that is not covered by the approved loan amount. In addition, we look to see there is enough money available for closing costs, interest payments, and working capital before draws are paid.

Yes. Our leverages (LTC) and/or the percentage of the project that is needed to be brought into the deal (skin in the game) by the borrower will be lowered as more deals are completed. It is merit based and once you have completed 6+ projects you can unlock our highest leverage tier of 90% of Purchase and 100% of Construction up to a maximum of 70% ARLTV

We cannot count deals that were not either fix/flips, new construction, or rental properties purchased. Wholesale and performing projects for other investors where you are not on the LLC or loan as a guarantor would not be counted towards experience.

Yes. Prior to closing we will responsibly source the funds that will be needed to close on property and also get through the project without running out of money. The funds would need to be moved into a personal or business bank account prior to closing. For our Rental DSCR there is a 3 month seasoning period for all funds to be in your accounts.

We do not fund construction funds up front. Depending on your relationship with your contractors we will reimburse completed work. As you complete work you can request a draw reimbursement and once we get the inspection.

Generally 3-5 business days. It can be quicker and as we complete more draws and deals together it can be completed quicker. Also, it can sometimes get delayed from the time we order the inspection once the request is submitted when the inspector reaches out to schedule the inspection and coordinate payment for the report to be sent to us for final review.

We lend in all states except for Arizona, Nevada, Wyoming, North Dakota, South Dakota, Minnesota, Vermont, and Idaho.

Our minimum loan size is $100,000. We will lend sometimes below $100,000 on a case by case basis from $75,000-$100,000 depending on the deal structure and location. Our rental DSCR loans require a minimum of $100,000/unit for a refinance/purchase with our term loan program.

Depending on where the property is located we may not be able to lend if it is designated as rural. This usually is an issue due to population density and if we are not comfortable with getting comps that are within a reasonable distance to the property.

Our term and bridge loans will allow for commercial properties but only 5+ unit multifamily and mixed-use where more than 50% of the property is made up of residential units and is over $250,000. We do not lend on pure commercial or special use properties.

We do lend on fire damaged properties but would be heavily weighed on the strength and experience of the operator with the properties condition.

We cannot lend to a personal name due to our loans being commercial loans. We can only lend to an entity i.e. LLC, S-Corp, C-Corp, etc…

Trust can be complicated to lend on or refinance with but we can look at the trust documents on a case-by-case basis and determine what challenges or if it would preclude us from lending to one. The trust would be required to be irrevocable in all cases if we were able to lend to one.

After our application has been completed and submitted an underwriter from our team would reach out to go over the deal and information provided including financials, experience, and next steps. After the borrower interview call if we mutually decide to move forward we would order the appraisal from one of our vetted sources by either an AMC (Appraisal Management Company) or approved appraiser.

If you have a preferred relationship with a title company and insurance broker you can order both of them yourself once we complete the borrower interview. If you would like recommendations on both we can direct you with some of our preferred vetted partners in each category. You would provide to us the contact information for each vendor and our team would include them on all correspondence.

We control all of our loan decisions related to our loans we originate. We deploy our own funds on select projects as it is available and also manage multiple capital sources to provide the very best options and flexibility for our borrowers.

Unfortunately for all of our loans we must be in the first and only lien position. With a seller holdback we cannot lend unless we pay off the seller holdback lien and then we can refinance into a new loan where we are the sole and only lien holder.

We cannot lend on specialized housing like bed and breakfast, rooming homes, hotels/motels, due to the use of the property being commercial use.