Hard Money Loans
A hard money loan is mainly based on the value of the property as collateral and typically you can get 50%-70% percent of the property value. If you are tight on schedule and looking for a quick loan process with minimum paperwork. Hard money loans are the way to go (almost same as you are purchasing with cash). Hard money loans serve a purpose to those who need money fast to take advantage of opportunity.
Hard Money Loan Property Types: Multifamily, Office, Industrial, Retail, Hotels Mixed Use, Land, Special Purpose and more.
Hard Money Loans range from $1 Million to $100+ Million dollars. Terms vary but you can have very short terms up to three years with a variety of upfront costs and an interest rate that is typically higher than subprime rates.
- Asset Based Lending (Hard Money Loans) from 12.99% to 17.99% at 3 pts to 6 pts
- One Week Closing (2 to 24 Hour Turnaround)
- Leverage based on property type and occupancy up to 70% LTV
- Up to 90% LTV (with Additional Collateral)
- Interest Only Payments
- Loan Terms From 6 to 36 Months
We are ready to fund Hard Money nationwide, on all property types with a solid exit strategy and at standard market leverage for the asset type.
We specialize in Bank turndowns. We have capital ready to inject into all viable projects with common sense underwriting.
We offer loans for any type of real estate situation where a quick closing is needed. Our committee meets virtually 3 times a week, so you can get the money you need fast. With our Hard Money loan you can have the cash you need in a few days.