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Understanding Hard Money Loans
What it really means
The term “hard money loan” refers to a type of loan that is backed by a “hard” asset, such as real estate. If you’re a real estate investor and you need financing for a deal, a hard money loan might be the best option for you to maximize your leverage on the property. Traditional financial institutions don’t offer hard money loans, so this lending option is only available through private lenders and individual investors, like The Hard Money Co.
Is it right for me?
We’re happy to help review your deal and answer that for you, but here are some things to consider:
- Private lending typically closes much faster than traditional banks.
- Hard Money loans are backed by assets and often require lower down payments.
- Leveraging private funding allows you to free up your own capital for other uses.
7-10 Days
For Closing
Up To 65%
After Repair Value
6-Month
Loan Terms
15%
Interest Rate
Want to discuss a potential deal?
Call us at: (515) 505-8644
How the Process Works
Four easy steps for securing your real estate investment
We Review Your Project
Our team of experts will quickly review and assess the value of your property, including After Repair Value, and determine whether the deal meets our criteria for loan approval.
Loan Approval and Documentation
Once your loan is approved, our team will work to collect all the necessary information and documentation in order to ensure we meet your target closing date. In addition, we’ll provide additional details on closing costs and fees required to finalize your loan.
Closing the Deal
At closing, our team will provide the funds needed to help you secure your property while providing you with the final amounts required to secure the loan, as well as kickstarting your initial repair budget. Once you sign, we get to work on helping ensure your project is successful and completed within the loan term.
Submit Your Loan Application
When you’re ready to start investing, submit your application and select your preferred loan option based on your project. There is no credit pull, so you don’t have to worry about your application affecting your score.
We Review Your Project
Our team of experts will quickly review and assess the value of your property, including After Repair Value, and determine whether the deal meets our criteria for loan approval.
Loan Approval and Documentation
Once your loan is approved, our team will work to collect all the necessary information and documentation in order to ensure we meet your target closing date. In addition, we’ll provide additional details on closing costs and fees required to finalize your loan.
Closing the Deal
At closing, our team will provide the funds needed to help you secure your property while providing you with the final amounts required to secure the loan, as well as kickstarting your initial repair budget. Once you sign, we get to work on helping ensure your project is successful and completed within the loan term.
Referral Program
Are you an active real estate investor? Do you know other investors that are looking for financing to help secure new properties? Do you want to earn points on deals that fund and bring in additional income every month? If that sounds like you, we’d love to have you join our referral program.