What is Hard Money Loan?

Hard Money Loan is basically a "Sub-prime Loan" that works on collateral based underwriting. It puts more emphasis on the lendable equity in your property rather than on your credit. You can say that it is more of an equity based loan.

Simply because it is more of an equity based loan it does not mean that only people with credit problem apply and get hard money loans. Many borrowers of hard money loans have good credit. The only reason they go for a hard money loan is because it is FAST! And because it cuts through the red tape. And the borrower, especially the self-employed borrower, does not have to provide income verification. It is not uncommon to get funding in 5 days if the borrower can provide the necessary information on time. Hard money loans are also used for bridge or short term financing.

Commercial Loans

Full Documents Conventional Loans up to 90% LTV/CLTV

Hard Money Loans

Hard Equity Loans from 50% to 70%

Governmet Loans

SBA 7(a) and 504 Programs