Real Estate Investor Loan FAQ
Hard money loans are short-term, asset-backed loans in which the property acts as collateral for the funds that are borrowed. These collateralized loans are originated by hard money lenders, which commonly fund fix and flip investors, landlords, and even commercial project developers.
Benefits For Borrowers:
Instant Proof of Funds Letter, Interest Only Payments, Discounts for Repeat Borrowers, Instant Term Sheet, No Hard Credit Pull, No Junk Fees
Instant Proof of Funds Letter, Interest Only Payments, Discounts for Repeat Borrowers, Instant Term Sheet, No Hard Credit Pull, No Junk Fees
Fix & Flip Loans
Renovate, rehab and resell your property with a hard money loan
Interest Rate: 10 - 12.75%
Origination fee: from 1.875%
Loan To Cost (LTC): up to 90%
Construction Financing: up to 100%
Loan To ARV: up to 80%
Term: 24 months
Minimum Loan Amount: $100,000
Maximum Loan Amount: $5,000,000
Minimum FICO: 650
Type of Property: Residential 1-12 units, condos, townhomes
Renovate, rehab and resell your property with a hard money loan
Interest Rate: 10 - 12.75%
Origination fee: from 1.875%
Loan To Cost (LTC): up to 90%
Construction Financing: up to 100%
Loan To ARV: up to 80%
Term: 24 months
Minimum Loan Amount: $100,000
Maximum Loan Amount: $5,000,000
Minimum FICO: 650
Type of Property: Residential 1-12 units, condos, townhomes
Rental Properties
30 year fixed product for stabilized properties
Interest Rate: from 7.5
Origination fee: 2-3%
Loan To Purchase Price: up to 80%
Loan To Value: up to 80%
Minimum DSCR: None
Instant Term Sheet: Yes
Term: 30-yr fixed rate
Minimum Loan Amount: $100,000
Maximum Loan Amount: $2,000,000
Minimum FICO: 680
Type of Property: Residential 1-8 units
Short Term Rentals: Yes
30 year fixed product for stabilized properties
Interest Rate: from 7.5
Origination fee: 2-3%
Loan To Purchase Price: up to 80%
Loan To Value: up to 80%
Minimum DSCR: None
Instant Term Sheet: Yes
Term: 30-yr fixed rate
Minimum Loan Amount: $100,000
Maximum Loan Amount: $2,000,000
Minimum FICO: 680
Type of Property: Residential 1-8 units
Short Term Rentals: Yes
Ground Up Construction
Financing for residential builders
Interest Rate: 10 - 13.25%
Origination fee: from 1.875%
Loan To Cost (LTC): up to 90%
Construction Financing: up to 100%
Loan To ARV: up to 80%
Term: 24 months
Minimum Loan Amount: $100,000
Maximum Loan Amount: $5,000,000
Minimum FICO: 650
Type of Property: Residential 1-4 units, condos, townhomes
Financing for residential builders
Interest Rate: 10 - 13.25%
Origination fee: from 1.875%
Loan To Cost (LTC): up to 90%
Construction Financing: up to 100%
Loan To ARV: up to 80%
Term: 24 months
Minimum Loan Amount: $100,000
Maximum Loan Amount: $5,000,000
Minimum FICO: 650
Type of Property: Residential 1-4 units, condos, townhomes