Hard Money Loan

Loan Term

Interest-only for 6 months, with an option to extend for 3 additional months at the lender’s discretion for an extra point.

Origination Fee

• Based on credit score and property location.
• Minimum credit score: 640+
• Property must be within 40 miles of a major market and in a location with a population of at least 20-30k.
• Origination fees may increase for:
  • Properties outside the location range.
  • Loan amounts over $500k.
  • Credit scores between 600-639.

Funding Timeline

Can close hard money loans within 7 to 10 days.

Lending Criteria

• We can lend up to 100% of the acquisition and renovation costs, as long as the loan falls within:
  • 70% of the After Repair Value (ARV) for flips.
  • 75% of the ARV for rentals.

Rental Properties

If the borrower plans to keep the property as a rental, proof of take-out financing is required before lending 75% of the ARV. We do not offer long-term loan products.

Restrictions

• We do not lend on owner-occupied properties.
• Minimum loan amount: $100k.
• Minimum ARV: $150k.