Empowering Entrepreneurs

What’s the hard money loan process?

We provide hard money loans to real estate investors all across the USA. Our process is very standard, and one that almost any real estate investor will understand and appreciate. Typically, we prefer working with real estate investors who have a track record of investing and exiting properties. We always come first time real estate investors to contact us – we’re happy to help! Hard money loans are short term loans that are secured by real estate. We provide these loans for a term ranging from 12 months to 36 months. Typically, the loan requires no monthly payment except for a balloon payment at the end of the term. The amount we can lend is based on the value of the property. The property can be either one the borrower already owns, or one the borrower is looking to acquire. Because we’re lending based on the property’s value, rather than the borrower’s credit, we’re able to get “creative,” when it comes to approving potential borrowers and deals. 

Typically, before you apply – you should have the items below in order:

• Identify a target property to acquire
• Understand how much funding you need(including fees etc)
• Identify what your exit strategy is, and how you’ll repay the loan

It’s important to realize that the only way to get approved in a timely manner is to make sure you streamline your end of the transaction. That means doing your due diligence, and assembling a file with all the necessary documents needed for underwriting to evaluate your deal. 

Once you fill out our application online, a member of our underwriting team evaluates the application and will follow up with potential questions we may have. After the application is approved, our team conducts its own appraisal of the property, and waits for you to sign our term sheet. If all looks well, then we’ll proceed and get you funded.