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Hard Money Loans
Asset-based lending with speed and flexibility
Hard money loans are short-term, asset-based loans primarily secured by real estate. Funded by private investors or companies rather than banks, they prioritize the property's value over the borrower's creditworthiness. Ideal for fix-and-flip, distressed properties, and deals that need to close fast.
Find Hard Money Lenders →Loan Range
$50K – $10M
Typical Rate
10% - 15%
Down Payment
25-40%
Term
6-24 months
Closing Time
3-10 days
🎯 Best For
- • Fix-and-flip investors
- • Distressed property acquisitions
- • Borrowers with credit issues
- • Deals requiring immediate close
✅ Advantages
- ✓ Fastest closing (days, not weeks)
- ✓ Credit score less important
- ✓ Flexible terms
- ✓ Finance distressed properties
⚠️ Considerations
- • Highest interest rates
- • Short terms
- • High origination fees (2-5 points)
- • Requires strong exit strategy
Hard Money Loan Requirements
- ✓ Property as collateral (LTV 60-75%)
- ✓ Exit strategy
- ✓ Down payment or equity
- ✓ Property appraisal
Hard Money Loans FAQ
Is hard money the same as a bridge loan? ▼
Similar but not identical. Hard money tends to come from private individuals/funds with higher rates and more flexibility. Bridge loans are often from more institutional sources with slightly better terms. Both are short-term and asset-based.
Can I get a hard money loan with bad credit? ▼
Yes, that's one of the main advantages. Hard money lenders focus on the property value and your equity, not your credit score. Expect to put more money down with lower credit.
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