Do Hard Money is a private lending company founded by investors for investors. Over 10 years ago, Ryan Wright started investing in fix-and-flip properties. In this venture, he found several outstanding properties which could turn a profit, but he found it very difficult to obtain funding to purchase, rehab and resell these properties. Traditional banks would not fund these properties because they were in need of repair. Other smaller, local and community banks showed interest in funding these properties, but they required a substantial down payment and would take weeks, sometimes months, to go through the underwriting process.
In order to successfully fix and flip properties, funding and closing needs to happen in a very short amount of time. Therefore, Ryan started searching for hard money lenders who could provide short-term funding more quickly. What he found was a small, exclusive group of investors who couldn’t provide consistent funding. Some would commit to funding a deal then go on vacation and not be able to bring the promised funds to the closing table. In addition to these frustrations, Ryan noticed there were no lending guidelines on which he could depend; sometimes, the private lenders would fund a deal in a specific city, then refuse funding when Ryan found another profitable deal in the same city. There was no real rhyme nor reason as to which deals the investors would be willing to fund.
Do Hard Money is a private lending company founded by investors for investors.
To make matters worse, there was no objective measurement when it came to underwriting and property evaluations. Many of these private lenders would “go with their gut” when it came to underwriting criteria: if they felt good about the deal, they would provide funding. In addition to this lack of criteria, there was a severe lack of loan dependability; funding would be promised on a property and then never delivered to the title company. Other times, Ryan would get a property under contract and the investor would suddenly be out of funds due to dips in the stock market.
In addition to the lack of dependability and criteria for funding transactions, Ryan also had no way of knowing how much he would be charged for the loans. The points and interest rates were volatile, changing at random, but the majority of the time the investors would request outrageous amounts of money in points and interest during the loan term.
Through this long and difficult experience of attempting to find reliable funding from trustworthy sources, Ryan founded DoHardMoney.com and started funding deals. Coming from an extensive real estate background, Ryan understood the needs of the real estate investor and filled the demand for hard money loans with set criteria from credible sources.
Coming from an extensive real estate background, Ryan understood the needs of the real estate investor and filled the demand for hard money loans with set criteria from credible sources.
Ryan realized that investors need to be able to focus on their property rehab without having to worry about making payments. He also saw that individuals could benefit from a 100% financing program; obtaining more funding depending on the quality of the deal. Satisfying these needs are the foundation of DoHardMoney.com, which helps individuals open the door to financial freedom by providing profitable real estate investment opportunities for all.
Most hard money lenders require an investor to pay a large down payment, regardless of the profit level of the property. They also require a minimum credit score from the borrower to qualify for funding. Ryan realized that if a deal is excellent, the investors can make money on it. Therefore, funds are distributed based on the merits of the property itself, not on the merits of the borrower, such as the borrower’s credit score and how much they contribute for a down payment. Do Hard Money offers hard money loans to anyone, regardless of their credit score, as long as the borrower does not have any judgments.
Do Hard Money offers hard money loans to anyone, regardless of their credit score, as long as the borrower does not have any judgments.
In addition to 100% financing, DoHardMoney.com provides borrowers with the option to extend their loan for up to three months, if needed. By doing this, the borrower is in control and knows that Do Hard Money is invested in their success rather than their earnest money.
We also provide fast loan processing and quick closing. Do Hard Money is committed to closing every transaction with lightning speed, allowing the investors to capitalize on every opportunity without any time-consuming stumbling blocks. We provide simple pre-approval and application processes to ensure you don’t miss out on any profitable deals.
Do Hard Money also provides 100% transparency on all loans. We are open about all of our lending guidelines and make sure borrowers are aware of all fees connected with funding, including closing costs, interest and points. We also provide an advanced deal analyzer tool to borrowers which allows them to determine the overall profit and risk factors of a deal, so that no time is wasted on bad deals.
Do Hard Money also provides 100% transparency on all loans.
We have seen hundreds of people turn their lives around thanks to funding they received to fix and flip profitable deals. Many have gotten out of debt, saved for retirement, quit their day job and taken their families on that dream vacation thanks to DoHardMoney.com. We are the only lender that offers key elements and tools every real estate investor needs to be successful:
No Monthly Payments
Up to 100% Financing on Qualified Deals
No Credit Score Requirement
Guaranteed Three-Month Loan Extensions at the Borrower’s Option
Quick Funding Process
Open and Reliable Lending Guidelines