What is Hard Money ?

Hard Money loans are normally non institutional loans funded by private real estate investors and companies specializing in hard money loan - using their own money - secured by a first, second or in some cases 3rd TD against the subject property.

These types of loans are referred to by many different names, such as, private money, private equity, equity, equity only, equity-based, equity-driven, asset based or hard money

Hard money mortgage loans typically go up to 60% to 70%, and a special program for hard money California only that will go up to 80% - depending on which program fits with you and our guidelines.

Hard money loan offer an alternative to the normal guidelines that banks (institutional, conventional) financing, thereby eliminating many of the usual qualifying, credit and income underwriting guidelines and delays of banks, mortgage companies.

Hard money loans base their decisions on loan to value, its marketability and his or her ability to repay the loan. Funding is very fast; sometimes within days of receipt of the application and paper work - The true advantage over traditional bank financing is hard money loans are Fast. In all hard money loans, there is still a three day right of recision after you sign docs before it is funded and you have cash in hand.

 

What is Hard money loan, Bottom line, if you need fast cash, because of timing for a purchase. In foreclosure or just need cash fast for personal reasons. Hard Money loan is the fastest source of cash. If you should have any other questions, What is hard money loan, email us

 

California, Arizona, Colorado, Nevada, Oregon, Washington and Florida