Get The Lowest

Fix-and-Flip Rate.

A hard money loan is simply a short-term loan secured by real estate. They are funded by private investors (or a fund of investors) as opposed to conventional lenders such as banks or credit unions. The terms are usually around 12 months, but the loan term can be extended to longer terms of 2-5 years.

3 Main Hard Money Loan Requirements

• Down Payment / Equity. The main requirement for obtaining a hard money loan is having the necessary down payment or equity in the property to serve as collateral for the loan. ...
• Cash Reserves / Overall Financial Strength. ...
• Exit Strategy / Experience in Real Estate.