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HARD MONEY
COMMERCIAL MORTGAGE LOANS
Potential: Purchase, Cash-Out, Credit Lines, Renovation, Bridge Loans, Blanket/Cross Collaterized Loans, Construction Loans
Definition: Hard Money is an equity dependent loan that funds fast and doesn’t require traditional documentation, traditional underwriting, or traditional score requirements. Hard Money loans generally have higher interest rates and are used for investors to get money fast for their commercial real estate project when more tradtional commercial loans would take longer in underwriting or have more strict underwriting criteria. Underwriters with hard money loans are more concerned with the value of the property than the credit requirement of the borrower.
Details: Program Details Below
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Minimum No. of Units
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1
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Minumum Credit Score
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400
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Maximum LTV or LTC
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50-60%
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Property Types
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Land, Mixed Use, Commercial, Apartments, Condos & Co-Ops
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Loan Amounts
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$100,000 to $1.5 Million
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Borrowers
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Individuals, Corporations, Trusts, Estates
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Seasoning
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No Seasoning Requirement
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Occupancy
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**Must be for business or investment**
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Other Hard Money Details
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- Low Documentation
- Limited or No Up-Front Fees
- Fast Pre-Approvals & Closings
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All loan programs, guidelines, rates, and prices are subject to change at any time without notice. Not responsible for typographical or technical errors.
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