Frequently Asked Questions

Frequently Asked Questions

We hope to answer your most common questions below.

  1. Capitalization – We have the capital to close multiple deals at the same time. Our loans range from $50,000 to $5mm.
  2. Streamlined processing – Loan analysis, closings, and draws are always expedited.
  3. Analysis – Loans are only made when the HardMoney Company concludes that your success is very achievable.
  4. 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.

Recently we closed a deal 24 hours from the time we met the client at his property. Our process is extremely streamlined however we are restricted with title reports and title issues. Most deals are closed within 5-7 business days. Florida is the exception: Florida transactions typically require 3 weeks to close.

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.

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Contact us with any questions!

Main Office