Investment Loan
Hard Money
Asset-based, short-term loans for investors with time-sensitive or unusual deals. The property is the main focus of the loan, which can make hard money a fit when a traditional lender cannot move quickly enough.
- PropertyInvestment or business purpose only
- Based onThe property's value and the deal
- TermShort term, set by the lender
- LendersPrivate and specialty lenders
How It Works
The property comes first.
Hard money loans come from private and specialty lenders rather than banks. Instead of focusing mainly on your income, the lender looks at the property's value, your equity in the deal and your exit plan, such as a sale or a refinance into long-term financing.
- 01
Send us the deal
The property, the price or value, your plan for it and how you expect to pay the loan off.
- 02
The lender looks at the property and the exit
Most hard money lenders size the loan from the property's current or after-repair value and want a clear plan to repay it.
- 03
We compare private lenders
Hard money terms, leverage and fees vary widely. We shop the deal across our private lenders and explain the trade-offs before you commit.
Program Highlights
Why investors choose hard money.
- Asset-based, short-term loans for unique or time-sensitive deals
- Can close faster than many traditional loans, depending on the deal
- Common with investors purchasing distressed properties
- Focuses on the property's value and your exit plan
- Can bridge to long-term financing, such as a DSCR loan
- For investment or business-purpose property only
Common Questions
What investors ask about hard money loans.
A hard money loan is a short-term loan from a private or specialty lender that is based mainly on the value of the property, rather than the borrower's income. Investors use them to buy, renovate or bridge to a sale or long-term loan. They are for investment and business-purpose property, not a home you live in.
The lender lends a share of the property's value, or of the purchase and rehab cost, for a short term. Payments are often interest only, and the full balance is due at the end of the term. You repay it by selling the property or refinancing into long-term financing.
Requirements vary by lender, but most look at the property's value, your down payment or equity, your exit plan and your experience. Many also review credit, though it usually carries less weight than with a traditional loan.
Start with the deal, including the property, the numbers and your plan to repay. As a broker, we take that to the private lenders that fit, compare their terms and help you through closing.
Speed and flexibility. Hard money lenders can often move faster and finance properties that a bank will not, such as homes that need major repairs. The trade-off is that hard money usually costs more than long-term financing, so it is meant to be short term.
Yes. Many investors refinance into long-term financing, such as a DSCR loan, once the property is repaired and rented. That plan should be in place before you close, since long-term lenders have their own requirements.
General information only, not a commitment to lend. Loan programs, guidelines, interest rates and terms are subject to change without advance notice.
Shop your deal across our private lenders.
Send us the property, the numbers and your timeline. We will compare private lenders and show you what it takes to close.