HISTORY

Do Hard Money was founded by investors for investors. Almost 10 years ago Ryan started investing in fix and flip properties. In doing this, Ryan would come across outstanding properties but found it quite difficult to find funding on these properties. The problem was that banks would not fund the properties because they were in need of repair and would not be fundable. The small local and community banks had interest in funding the properties but they wanted a substantial amount of money down and wanted to take weeks, almost months, to go through the underwriting process.

The situation is, when a good property came available the funding and closing need to happen in very short order not in the matter of months. In Ryan’s search he started looking for so called “Hard Money Lenders”. What he found was “the old boy’s club”, some guys had cash today for a deal but they may not have cash on the next day. Some would commit to fund and end up on vacation and would not have gotten the promised funds to the closing table. In addition to this frustration there were no guidelines that Ryan could depend on. Sometimes the private investors or hard money lenders would lend on a property in a certain city then the next time Ryan put a property under contract in that same city the private investors would not be willing to fund on that property. There was no rhyme or reason to what the hard money lenders where willing or not willing to fund. To make things worse, many of these private investors would use the “gut check” as their underwriting criteria. Meaning they would go to the property and if they felt good about the deal they would do it and if they did not feel good about it they would not do the deal. The problem with this method was there was no objective measurement to the hard money lending methods they where using.

Even worse was the lack of dependability of funds. Funds would be promised on a purchase and never delivered to the title company. Sometimes the investor would have money and the next time Ryan would get a property under contract and they would be out of funds because of losses taken in the stock market, or losses taken with Gold, or what ever last “investment opportunity” happened to be at the time. This offered no dependability or predictability for funding transactions.

In the lucky chance that the investor had availability funds and had a “good gut check on the property” Ryan would have no idea how much he was going to be charged for the funds on that transaction. If the investor had lots of money sitting around then the points and interest rate would be low. If the Hard money lender had just foreclosed on a property they would be in a bad mood and would charge more for the funds. If the investor was comparing the returns on your new loan versus that of the latest investment strategy that promised amazing returns then they would want an outrageous amount of money for points and interest.

Beyond that was the trouble of always having to find new hard money lenders. Some lender would have a few hundred thousand dollars and some would have up to $500,000 however those funds don’t last very long if the hard money lender is doing other investments and working with other real estate investors.

The bottom line was that it was very difficult for Ryan or any Real Estate investor to be able to conduct business. The Hard Money lenders would not look at a property loan unless the property was under contract. However Ryan had no idea how much they would lend on the property and that made it very difficult to find good investments.

Through this long and difficult experience Ryan founded Do Hard Money.com and started doing Hard Money lending. He came from the background of being a real estate investor and understood the needs that investors had.

Ryan realized that investors needed to be able to not make payments when they are fixing up the home. He realized that problems would occur and capital can get tight during a rehab and resale and this was one of the foundations of Do Hard Money.com. Secondly, Ryan realized the need for 100% funding as long as the property was a good investment. Most hard money lenders require an investor to put money down no matter how good the property they are purchasing. Ryan decided it did not matter how much an investor is putting down; if the deal is a good deal and the investor can make money why not fund the transaction based on the merits of the property itself. Thirdly, Ryan realized that many investors did not have the best of credit due to whatever circumstances that they may have found them in. Thus, Do Hard Money.com offered investor hard money loans to anyone regardless of credit scores as long as the investor did not have any judgments. We have seen several people turn their financial lives around by borrowing funds from the help of Do Hard Money.com to lend to them. Again Do Hard Money looked at the value of the property rather than the credential of the investor. Next Ryan was amazed at how many hard money lenders where really just lending to get the property. Do Hard Money gives each borrower the option to extend their loan for (2) Thirty-day extensions at the option of the borrower not the lender. By doing this the borrower is in control and knows that Do Hard Money.com is really wanting to help them be successful and not to steal their property.

Virtually every good property investment opportunity came with the need for a fast closing, thus 48 hour closing was born. Do Hard Money.com committed and still commits to close every transaction within 48 hours after all documents are received in the file, this allows investors to capitalize on every opportunity.

Ryan got so tired of the difficult application process he was taken through every time he was looking for a hard money loan. The amount of paperwork needed was outrageous. Do Hard Money.com came up with a simple application process made up of 5 easy steps. This process is still used today.

Last but not least - open lending guidelines: Do Hard Money.com was very open about all their lending guidelines and put them all directly on the web site so everyone would know about them. Nothing was hidden. In fact, Do Hard Money.com just recently added to the web site a deal evaluators, where in 1 minute an investor can get a projected loan amount so they can get an idea how much money will be loaned on the property.

Do Hard Money.com is now the only lender that offers these Key elements a hard money investor needs to be successful

• No Monthly Payments
• Up to 100% Financing
• No Credit Score Requirement
• Guaranteed two extensions at the borrowers Option
• 48 hour funding.
• Simple Application
• Open Lending Guidelines

It is really simple. The Investor just needs to go find a good property and we will take care of the rest.