Hard Money Loan Quick Apply

Hard money loan application. Once submitted a loan officer will be in touch to go over next steps. If you have questions call 800.826.5077 or email info@hardmoneyloanlender.com.

LOAN PRODUCTS

Types of Hard Money Loans:

Real estate investment often requires quick access to capital, and traditional lending institutions may not always be the ideal solution due to their stringent requirements and lengthy approval processes. In such cases, hard money loans emerge as a viable option for investors seeking fast financing solutions. These loans are typically secured by the value of the property itself rather than the borrower’s creditworthiness, making them attractive to investors with less-than-perfect credit or those needing quick funds. In this article, we’ll delve into the different types of hard money loans available to real estate investors, exploring their characteristics and benefits.

Types of Hard Money Loans:

1. Rehab Loans – Fix and Flip Loans: Fix and flip loans are perhaps the most common type of hard money loan utilized by real estate investors. These loans are designed to fund the purchase and renovation of a property with the intention of quickly selling it for a profit. Typically, fix and flip loans cover both the purchase price and renovation costs, offering investors the liquidity needed to acquire distressed properties and execute renovation projects swiftly. They are short-term loans with relatively high-interest rates but offer quick access to capital, enabling investors to capitalize on lucrative investment opportunities.

2. Bridge Loans: Bridge loans serve as interim financing solutions that help investors bridge the gap between the purchase of a new property and the sale of an existing one. These loans are particularly useful in scenarios where investors need immediate funds to secure a new property while waiting for the sale proceeds from their current investment. Bridge loans are short-term and carry higher interest rates, but they provide the flexibility and speed required to seize time-sensitive opportunities in the real estate market.

3. Construction Loans: Construction loans cater to real estate investors undertaking ground-up construction or substantial renovation projects. Unlike traditional construction financing, which may involve lengthy approval processes and strict criteria, hard money construction loans offer expedited funding with minimal documentation requirements. These loans cover the costs associated with land acquisition, construction materials, labor, and other expenses incurred during the development phase. With quick access to funds, investors can efficiently execute their construction projects and maximize their returns.

4. Rental Property Loans: Rental property loans, also known as buy-and-hold loans, are tailored for investors seeking to acquire and hold income-generating properties for the long term. These loans enable investors to purchase rental properties, such as apartment buildings or single-family homes, and generate rental income while building equity over time. Hard money lenders offer rental property loans with competitive terms, allowing investors to leverage their real estate assets to expand their rental portfolios and enhance cash flow.

5. Land Loans: Land loans are designed to finance the acquisition of vacant land for development or investment purposes. Whether investors plan to build residential, commercial, or mixed-use properties on the land, hard money lenders offer flexible financing solutions to facilitate land acquisition. Land loans typically have shorter terms and higher interest rates compared to other types of hard money loans, reflecting the higher risk associated with undeveloped land. However, they provide investors with the capital needed to secure prime parcels of land and capitalize on future development opportunities.

Benefits of Hard Money Loans for Real Estate Investors:

1. Quick Approval and Funding: Hard money loans offer expedited approval processes and rapid funding, allowing investors to capitalize on time-sensitive opportunities without the delays associated with traditional financing methods.

2. Flexible Terms and Criteria: Hard money lenders focus primarily on the value of the underlying property rather than the borrower’s credit history or income, providing greater flexibility in loan approval and terms.

3. Access to Capital for Non-Traditional Projects: Investors pursuing fix and flip projects, ground-up construction, or land development may find it challenging to secure financing from conventional lenders, making hard money loans an invaluable alternative.

4. Enhanced Investment Returns: With quick access to capital, real estate investors can expedite property acquisitions, renovations, or development projects, enabling them to capitalize on market opportunities and maximize their investment returns.

5. Portfolio Diversification: Hard money loans enable investors to diversify their real estate portfolios by accessing different types of properties and investment strategies, thereby spreading risk and enhancing long-term stability.

DSCR Loan

DSCR LOAN

Taking the first step on the real estate road to passive income and wealth? A rental property loan at a great rate can give you the momentum you need to grow your real estate (Buy, Repair, Rent, Refinance, Repeat (BRRRR) business.

fix and flip loan tampa

FIX TO FLIP

Looking for a fix to flip or fix to rent bridge loan. Up to 90% of the purchase and 100% of the rehab. Closing as fast as 5 days!
Fix to Flip or Fix to Refi . 30 or 40year DSCR loan Build your passive income stream.

Bridge Loan

CASH OUT REFI

Looking to scale your real estate investment portfolio. Cash-out & refinance into a 30 or 40 year loan.. Closing 30 days!
Use your additional capital as a down payment to your next rehab project.

construction loan

CONSTRUCTION

Looking for a ground up construction loan. Are you a builder or investor building a spec house or a P.U.D.
Discuss your ground up scenario with us today and take advantage of the housing shortage.