What is a “hard money” loan? That’s a good question, but contrary to a popular myth it’s not because it’s “hard” to get. Traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan. This is measured by things like personal earnings, debt to income ratio, and credit score. These are all intangible or “soft” assets. Hard money loans, on the other hand, are based on a “hard” asset or the value of the property, so hard money lenders don’t usually ask for documentation of income or any of that messy stuff when we are funding a fix and flip investment. We will do a soft pull on your credit and it may have an impact on rates, but it will never prevent you from getting a loan. We have a variety of loan options – loans with no down payment, refinance loans, traditional investment property acquisition loans- we can fund your next investment. We want to be your hard money lender!
Looking for a hard money lender that has experience nationwide? Here are just a few of our recently funded deals so you can get a taste of what we’ve done.
Carolyn’s Indiana Deal
Angela’s Chicago Deal
Daphne’s Virginia Deal
Steve’s Alabama Deal
Theodore’s New Orleans Deal
Israel’s New Jersey Deal
Larry’s North Carolina Deal
Kylar’s Ohio Deal
What Are You Looking For In A Hard Money Lender?
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