Asset-based financing
Hard Money Loans
Short-term capital priced on the property, not on a tax return.
A hard money loan is a private, short-term first lien. The lender looks at the property, the leverage, and the exit. Credit, income, and time in business matter less than they do at a bank, which is why investors use these notes to buy a deal that will not wait.
Typical files are non-owner-occupied residential and light commercial: a purchase, a cash-out refinance, or a light rehab that does not need a full construction budget. Terms are often 6 to 18 months and interest-only, with loans starting at $100,000. There is no posted rate. The rate, the points, and the leverage follow the property, the cash in the deal, your experience, and the exit. Two files in the same week can price differently. Nothing on this page is a quote.
Eligible property
- Single-family residential
- 2 to 4 units
- Townhome
- Condominium
- Light commercial
- Non-owner occupied
Figures
- Interest rate
- Priced per file
- Leverage
- Depends on the deal
- Where files start
- From $100,000
- Term
- 6–18 months
- Payments
- Interest-only
- Uses
- Purchase, refinance, or light rehab
- Closing, complete file
- Often 1–2 weeks
Questions on this program
Fix and flip is built around a rehab budget and draws. Hard money is the broader short-term note: buy, refinance, or do light work without a full construction facility. If the budget is the deal, use fix and flip. If speed and the asset are the deal, start here.