-Extensions Available

-Loan Package: $2995

-Processing: $696

-Appraisal: $550-$900

-Title Policy Required

-Insurance Policy Required

A hard money loan is a loan acquired through a private lender instead of through a traditional bank. Hard money loans are typically asset based, which means our primary focus when determining a loan amout is based mostly on the value of the collateral itself.

No, we only lend in 1st lien position.

We base our approvals primarily on the quality of the property, the borrower’s experience, and the overall likelihood of a successful project. While we do review credit history, it’s not the main factor in our approval process—many borrowers with less-than-perfect credit still qualify.

That said, FICO scores are used to determine loan leverage, meaning a higher credit score may allow for higher LTV or better terms. So while credit doesn’t make or break an approval, it can impact the structure of the loan.

At the beginning of the loan process, we will typically ask for much of the same documentation that a bank would require; however, unlike a bank, we don’t ask for this documentation to look for reasons to say “no”. We use common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexibility in our documentation requirements. Your online pre-approval letter will contain the list of documentation requirements applicable to your loan request.

A typical loan can be funded in 7-15 days.

The subject property you are requesting a loan for will be used as the collateral and personal gurantee