Residential Hard Money Rehab Loans

The HardMoney Company is an Asset-Backed or Hard Money Lender. Most importantly, we are a direct lender, not a mortgage broker. The residential rehab loan funds we loan are from our private capital. Our customers communicate with the owners on every call; there are no middlemen, loan officers or bankers.

Our Rehab Loans are used to modify an existing property, so it is worth more remodeled than it was when you bought it. The HardMoney Company has a quick approval process, same day in most cases and flexible financing terms. Once you receive preliminary approval on your rehab loan a construction budget and draw schedule will be established. A draw schedule is a detailed payment plan for your construction project. It determines when the funds will be disbursed to you or the contractor.

Hard Money Rehab Loans At A Glance

  • Types of Property: Single Family Homes, Multi-Family Residents, Commercial Real Estate
  • Loan Values: $50k Minimum - No Maximum Loan Amount
  • Loan Term Length: 6 - 18 months
  • Average Interest Rate: 8% - 15%
  • Loan-To-Value (LTV): Typically up to 80%
  • Funding Time: Typically can close deals as quick as 7 days

What Is A Hard Money Rehab Loan?

A rehab loan is a type of loan that is used specifically for home improvement projects in order to have the funds necessary to rehab or remodel a home. The HardMoney Company provides investee’s with a direct hard money rehab loan that offers a quick approval process, as well as flexible financing options that are available through banks. As direct Hard Money lenders, we understand how important it is to move quickly when home rehab opportunities come up.

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Benefits of Our Hard Money Rehab Loans

Traditional home rehab loans through a bank can take weeks to process as well as they typically offer difficult rates for a real estate investor to manage. Hard Money Rehab Loans are able to provide investors with the capital they need to remodel their home in a short period of time with flexible terms and conditions. If you are looking to rehab your home, then speak to our direct hard money lenders today to see what we can do for you. Our team will work with your project to help create the best possible loan structure for you. This means quick capital and flexible loan terms to get your project started as soon as possible.

Frequently Asked Questions (FAQs)

What Are The Requirements To Receive Rehab Funds?

Hard money rehab funds are common amongst a variety of different real estate projects in order to provide the project with the cash flow needed to keep the project going or finalize the work. The requirements for rehab funds will vary depending on the type of project you are working on as well as the experience of the client. Reach out to our rehab loan lenders to learn how we can help provide your project with the funds needed.

How Does A Rehab Loan Work?

A hard money rehab loan is a great option for those who own an investment home that needs renovations or for those who are in need of rehab funds to purchase a property that they plan to renovate and flip. If you are interested in learning how a rehab loan works then the first step is to reach out to our team of hard money lenders. Our team will need to learn more about your current real estate project and learn more about how much capital you need to rehab your property before discussing loan details. Since our team offers hard money rehab loans we are able to provide capital in a much shorter time period compared to a traditional bank loan. Since HardMoney Company is a private real estate direct lenders we also have more freedom in deciding who we lend to compared to traditional bank loans which can have very strict requirements.

How Do I Get A Rehab Loan?

Now that you have a better understanding of what a hard money rehab loan is and how it works, our team is happy to help you get a rehab loan. Our team of direct lenders have years of experience working with a wide variety of different types of projects so we have the experience to help you renovate your property with a hard money rehab loan. Please use the apply now button to get in touch with our team about receiving rehab funds to help renovate and repair your real estate project.

What Are The Requirements For A Hard Money Rehab Loan?

Since HardMoney Company is a private hard money lender we have less strict requirements to receive a hard money rehab loan compared to traditional banking loans which can be difficult for most individuals to receive rehab funds. Our team will need to speak with you to learn more about your current property and how much capital you require to repair your property before a loan deal can be created. But our closing times are exceptionally quick and oftentimes much faster than other methods of loans which can take multiple weeks. In some situations, we can even close the loan in a day or two.  Our team has the experience required to be flexible to help your receive the rehab funds that you need. If you are interested in receiving a hard money rehab loan then please reach out to our team to see how we can help you receive rehab funds for your property!

How Much Do You Have to Put Down on a Hard Money Loan?

Our deposits average range is from 10-30% pending our independent loan evaluation. Please note this is just a range; each loan is unique.

What other types of loans does HardMoney Company offer?

Our team provides a variety of different loan types to help with your project. We offer the following loan types as well other options: