Hard Money Loans: Fast Financing for Real Estate Investors
Get Quick Access to Capital for Property Purchases, Flips, and Investments
Flexible and Fast Financing for Real Estate Investors
Hard money loans are a type of private financing used primarily by real estate investors to secure quick capital for property purchases, renovations, or flips. Unlike traditional loans, hard money loans are asset-based, meaning the property being purchased or refinanced serves as collateral. These loans are typically used for short-term financing and are known for their fast approval and funding process.
At Lender Capital Group, we specialize in providing hard money loans that cater to the needs of real estate investors who need quick and flexible financing. Whether you’re purchasing a fix-and-flip property, funding a real estate investment, or need bridge financing, our hard money loans offer the speed and flexibility you need to stay competitive in the real estate market.
Service List
- Hard Money Loans
- Multifamily Property Loans
- FHA Loans
- Hospitality Industry Financing
- Office Building Mortgages
- Bridge Loans
- Industrial Property Loans
- Jumbo Loans
- VA Loans
- Commercial Real Estate Loans
- Construction Loans
- Special Purpose Property Loans
- Conventional Loans
- Residential Mortgage Loans
- Retail Property Loans
- HELOC
- Industrial Property Financing
Why Choose a Hard Money Loan?
Fast Approval and Funding
Hard money loans are designed for speed. Unlike traditional loans that can take weeks or even months to process, hard money loans can be approved and funded in a matter of days, allowing you to act quickly on property opportunities.
Asset-Based Lending
Hard money loans are primarily based on the value of the property being used as collateral, rather than the borrower’s credit score or income. This makes them ideal for borrowers who may not qualify for conventional loans due to credit issues or other financial constraints.
Short-Term Financing
Hard money loans are typically short-term loans, with terms ranging from 6 months to 3 years. This makes them an ideal solution for real estate investors looking to purchase, renovate, and sell properties quickly.
Flexible Loan Terms
Because hard money loans are provided by private lenders, they offer more flexibility in terms of loan structure, repayment options, and eligibility criteria compared to traditional bank loans.
No Prepayment Penalties
Many hard money loans come with no prepayment penalties, allowing borrowers to pay off the loan early without incurring additional fees. This is particularly beneficial for investors who plan to sell the property quickly.
Hard Money Loan Qualifications
Hard money loans are primarily based on the value of the property being used as collateral, so qualification requirements are typically more flexible than traditional loans. Here are the key qualifications for a hard money loan:
Property Value
The loan amount is based on the value of the property being purchased or refinanced. Lenders typically offer up to 70% to 80% of the property’s after-repair value (ARV).
Equity in Property
Hard money lenders prefer borrowers with substantial equity in the property, as this reduces the lender’s risk.
Credit Score
While credit score is less important for hard money loans, having a good credit score can help secure better terms. However, borrowers with lower credit scores can still qualify if the property has strong value.
Exit Strategy
Lenders will want to see a clear exit strategy, such as selling the property after renovations or refinancing into a long-term loan.
Hard Money Loan Process: Step-by-Step
01.
Application and Pre-Qualification
Start by submitting a hard money loan application. We’ll review the details of your property, including its current value, after-repair value (ARV), and your investment plan.
02.
Property Appraisal and Inspection
A property appraisal or inspection will be conducted to determine the current and projected value of the property after renovations. This helps determine the loan amount and terms.
03.
Loan Approval and Funding
Once approved, you’ll receive the hard money loan funds quickly—often within days—allowing you to move forward with your property purchase, renovation, or investment. This fast funding process is a key advantage of hard money loans.
04.
Repayment and Exit Strategy
Hard money loans are typically repaid within 6 months to 3 years, depending on the terms of the loan. You’ll use the funds from selling the property or securing long-term financing to pay off the loan.
Benefits of Hard Money Loans with Lender Capital Group
- Quick Access to Capital: Hard money loans offer fast approval and funding, allowing real estate investors to act quickly on property deals.
- Flexible Loan Terms: We offer customized hard money loan solutions with flexible repayment terms and no prepayment penalties, helping you manage your real estate investments effectively.
- Asset-Based Lending: Our loans are based on the value of the property, not your credit score, making it easier to secure financing for fix-and-flip projects or investment properties.
- Experienced Lenders: Our team has extensive experience in hard money lending and real estate investing, providing expert guidance throughout the loan process.
Don't Hesiate To Contact Us
Ready to secure fast financing for your real estate investment? Contact Lender Capital Group today to learn more about our hard money loan options and get the capital you need to fund your next project.