HardMoney Company offers a full range of hard money loan types for real estate investors in Virginia, Washington, DC, Maryland, Kentucky, and Florida, which remain our major markets, and we make loans throughout the country. Because we are self-funded and you deal directly with the owners, we can be creative in making your deal happen and provide the quick capital you need, with fast closings and minimal paperwork.
Our loan programs cover nearly every stage of an investment project. Fix and flip loans and rehab loans supply the capital to purchase, remodel, and repair properties on a compressed timeline. Bridge loans provide short-term funding for residential or commercial projects while you wait for permanent financing, so your project can continue without interruption. Commercial hard money loans help you purchase or refinance a commercial property faster than a traditional bank. We also offer residential, multi-family, rental property, and investment property loans for investors building and growing their portfolios.
We lend on a wide variety of property types, including single-family homes, townhomes, multi-unit buildings, apartment complexes and condos, land deals (strict restrictions apply), commercial shopping strips, and office parks. Every deal is carefully and individually evaluated. We accept all types of credit, and loans are typically based on the property’s current as-is value. Explore each loan type below to find the right fit for your project, or review our terms and process to see how to get started.
Commercial Hard Money Loans
A commercial loan from our hard money lending team will allow you to receive the quick capital you need to purchase or refinance a commercial property. Our funding makes the entire process quicker and more efficient than going through a traditional banking establishment. These loans are typically short-term loans with fast closing times with zero upfront charges.
Rehab Loans
A rehab loan gives real estate investors the capital to remodel, repair, and renovate residential properties. HardMoney Company offers quick approval and funding, so you can purchase a property that needs work and get the renovation started without the delays of a traditional bank. Because we are self-funded and every deal is individually evaluated, we can be creative in structuring financing around your project.
Fix and Flip Loans
A fix and flip loan is designed for investors who buy a property to renovate and resell it. The loan is secured by the real estate itself and provides the capital to carry out both the purchase and the improvements on a compressed timeline. With fast closings and minimal paperwork, you can move quickly when the right property comes along, and no previous investment experience is required.
Bridge Loans
A bridge loan provides short-term funding for investors renovating a commercial or residential property while they secure permanent financing. Instead of putting your project on hold while you wait for a long-term loan, a bridge loan covers the gap so work can continue without interruption. Because every deal is individually evaluated and based on the property’s current as-is value, we can often provide the capital you need faster than a traditional bank.
Types of Buildings We Provide Loans For
HardMoney Company lends on a wide range of residential and commercial property types, from single-family homes and townhomes to apartment complexes, shopping strips, and office parks. Every property is individually evaluated based on its address, physical structure, and current as-is value, so we can finance projects that don’t fit a traditional bank’s guidelines. Here are the property types we most commonly provide hard money loans for:
Approved Structure Types:
- Single Family Homes
- Townhomes
- Multi-units
- Apartments
- Condos
- Land Deals (strict restrictions apply)
- Shopping Strips
- Office Condos
- And More!
Frequently Asked Questions
- Capitalization – We have the capital to close multiple deals at the same time. Our loans range from $50,000 to $5mm.
- Streamlined processing – Loan analysis, closings, and draws are always expedited.
- Analysis – Loans are only made when the HardMoney Company concludes that your success is very achievable.
- Senior Management – Our senior management is always involved in your personal transaction and are readily available to all clients.
The property and the deal are the main determining factors. Credit is examined however, we are very understanding of past credit issues. Rarely is someone denied simply because of their credit.
From 1% to 20%. Past performance and the transaction’s strength will determine the amount of cash required from a client. Often, refinance or “cash-out deals” require -0- cash.
Yes, after a careful analysis is completed on your first mortgage and the equity on the property.
Yes, after an application is completed.
Points are fees for acquiring a loan. Each point charged is equal to 1% of the loan amount. Two points on a $150,000 loan are equal to $3000.
Typically, interest rates for a hard money loan at the HardMoney Company range from 9-15%.
There are no up-front fees, but good faith deposits are required only after a loan commitment.
We accept all levels of income and credit. Rarely is credit/income a reason for us to deny a loan request.
A hard money loan is a short-term, asset-based loan primarily used for real estate investments. Unlike traditional loans, approval is based more on the property's value than the borrower's creditworthiness.
Hard money loans are typically easier to obtain, have shorter terms, higher interest rates, and are based on the property's value rather than the borrower's credit history. Conventional loans involve more strict credit checks and longer approval processes.
Hard money lenders often finance various property types, including residential investment properties, commercial properties like office buildings and retail spaces, rehab projects, and fix and flip projects.
Interest rates for hard money loans generally range from 9% to 15%, with loan terms varying from 1-2 years. Rates and terms depend on factors like property type, location, and loan-to-value ratio.
Hard money loans can often be approved and funded within 5-7 business days, a few weeks if on the longer side, making them a viable option for time-sensitive real estate transactions.
Most hard money lenders offer LTV ratios up to 75% on income-producing properties and up to 50% on land, though this can vary by lender and property type.
Yes, borrowers are usually expected to invest some of their own funds into the project, with down payment requirements varying based on the lender's policies and the property's specifics.
Common upfront fees may include appraisal fees, document fees, and sometimes loan application fees. It's important to inquire about all potential fees before proceeding.
While credit is considered, hard money lenders focus more on the property's value and the borrower's equity, making these loans accessible to individuals with less-than-perfect credit.
Advantages include a simpler application process, quicker approval, less emphasis on personal financial history, and the ability to finance projects that may not qualify for traditional loans.
Due to regulations, hard money loans are typically not available for primary residences. Most hard money lenders focus on investment properties and may require borrowers to secure financing through an entity like a registered LLC.
A private lender is an individual financing a project with personal capital, while a hard money lender is an organization or company that provides financing for real estate investments as a business.
Hard money loans can be safe when obtained from reputable lenders. However, borrowers should be aware of higher interest rates and fees compared to traditional loans and ensure they can meet the loan terms to avoid potential foreclosure.
Hard money lenders focus more on the property's value and potential, with less emphasis on the borrower's credit score and financial history, compared to institutional lenders.
Researching lenders' reputations, seeking referrals from other real estate investors, and verifying licensing and credentials can help borrowers find reliable hard money lenders.
Advantages include quick approval and funding, and flexibility in terms. Dangers involve higher interest rates, shorter repayment periods, and the risk of losing the property if unable to repay.
Yes, some hard money lenders are willing to work with borrowers who have tax liens, often requiring that tax issues be resolved at closing.
Unlike many lenders, we can provide blanket loans secured by multiple properties—including residential investment properties, multifamily, commercial properties, and land—all under one loan. Business-purpose properties only; owner-occupied primary residences are not eligible.
Hard money lenders may offer various programs, including interest-only loans and amortizing loans, depending on the needs of the transaction.
Yes, common upfront fees may include appraisal fees, document fees, and sometimes loan application fees. It's important to inquire about all potential fees before proceeding.