Hard Money Brokers

HardMoney Company - Hard Money Brokers

HardMoney Company partners with real estate and mortgage brokers on referred and brokered deals, with no application fees and no membership fees. Brokers are always protected and are paid at closing, with compensation typically ranging from 1 to 2 points. We welcome broker participation on every kind of deal that makes sense, from rehabs to second trusts, with loan amounts from $150,000 to $5 million.

Because HardMoney Company is self-funded, we make our own lending decisions and can be creative in structuring a deal for your client. Credit and income are reviewed but are not the primary consideration, borrowers don’t need prior investment experience, and past bankruptcy is usually not a problem. We typically lend based on the property’s as-is value, and qualified clients can have more than one loan with us at a time. Our core markets are the Virginia, DC, and Maryland metro area, Kentucky, and Florida, but we make loans throughout the country.

We believe a reliable, mutually beneficial relationship produces the best results for everyone involved. You bring us a good deal, our team reviews the project and collects any documentation needed, and you’re paid at settlement. We dislike unnecessary paperwork as much as you do, so we keep documentation to what each state requires. Once your client submits a completed application, we’re happy to provide a pre-approval letter to help them move forward with confidence.

Our Hard Money Broker Process

  1. You refer us a customer who is looking for a hard money loan.
  2. Our team will review and assess the needs of their project. We may require more information or we will need to collect any necessary documentation that is required.
  3. The broker will be protected and will be paid at the closing of the deal.

To learn more about brokering deals with our team, feel free to reference the snapshot summary below, or contact us.

Hard Money Brokers Program Summary

  • Remember brokers are always protected and paid at closings.
  • We always welcome brokers’ participation.
  • The HardMoney Company is self-funded, thus we can be very creative in making your deal happen!
  • Loan Types: Rehabs, second trusts... almost anything that makes sense except EPA challenged proposals
  • Loan Amounts: $150K to $5mm
  • Loan Territory: The VA/DC/MD metro area, Kentucky & Florida remain our major markets. However, we do make loans throughout the country.
  • Credit Requirements: Credit and income are examined but not a primary consideration.
  • Interest Rates: 9-15%
  • Points: 1-5 points
  • Broker’s Compensation: Typically ranges from 1-2 points
  • Paperwork Required: We dislike paperwork as much as you; different states require different levels of documentation.
  • Borrower Experience Required? No
  • Bankruptcy Issues: Usually not a problem
  • LTV: Typically based on AS-IS value
  • ARV: Not usually a consideration
  • Can a client have multiple loans with us? Yes, depending on the strength of the client.
  • Pre-approval letters: We are happy to provide after a completed application is submitted.

Hard Money Broker Program FAQs

Below are the most frequently asked questions about our hard money broker program. Please contact us if you any other questions that you would like to be answered.

A hard money broker is responsible for connecting borrowers with hard money lenders. Brokers act as a middleman to help facilitate the deal and help to protect hard money borrowers while they borrow capital for their next private real estate investment project. Hard money brokers will in return be paid a percentage of the points charged to the borrower’s loan.

The compensation for hard money brokers will vary depending on the deal but the average compensation typically ranges from 1-2 points.

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