Hard Money Loans

What is a Hard Money Loan?

A hard money loan (HML) is a short-term financing solution, issued by private lenders, that allows real estate investors to obtain capital fast to develop, flip, or own properties directly.

A hard money loan is secured by the value of the subject real estate property, not by the borrower’s credit score. That’s how hard money lenders protect themselves against default by the borrower. Therefore these loans can be obtained rather quickly. Hard money” is a term used mostly in the U.S. and Canada where this kind of loan is common.

 

  • Rehab Loans – Financing Purchase & Renovation Nationwide
  • Purchase, Refinance or cash out for Investment Properties
  • Up to 80% LTV of purchase price
  • Closing in 1-3 weeks
  • Fix and Flip financing with rehab funds
  • Terms from 6 months to 10 years
  • Foreign Nationals Qualify
  • Loan amounts from $150,000 to $50,000,000
  • Property ideally in LLC or Corp
  • Lending Nationwide
  • Free Pre-approvals, no upfront fees
  • Fast approvals and closings!

Have a Question?
Speak with an expert: 1-877-926-0024

What is a Hard Money Loan?

A hard money loan (HML) is a short-term financing solution, issued by private lenders, that allows real estate investors to obtain capital fast to develop, flip, or own properties directly.

A hard money loan is secured by the value of the subject real estate property, not by the borrower’s credit score. That’s how hard money lenders protect themselves against default by the borrower. Therefore these loans can be obtained rather quickly. Hard money” is a term used mostly in the U.S. and Canada where this kind of loan is common.

 

  • Rehab Loans – Financing Purchase & Renovation Nationwide
  • Purchase, Refinance or cash out for Investment Properties
  • Up to 80% LTV of purchase price
  • Closing in 1-3 weeks
  • Fix and Flip financing with rehab funds
  • Terms from 6 months to 10 years
  • Foreign Nationals Qualify
  • Loan amounts from $150,000 to $50,000,000
  • Property ideally in LLC or Corp
  • Lending Nationwide
  • Free Pre-approvals, no upfront fees
  • Fast approvals and closings!

Have a Question?
Speak with an expert: 1-877-926-0024

MAX AMOUNT

from $150,000 to $50,000,000

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LOAN TERMS

from 6 months to 10 years

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TIME TO FUND

As fast as 1 – 3 weeks

INTEREST RATE

Varies based on deal

How to Apply for Hard Money Loan Program with CF Lending…

Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, funds will be transfered to your bank account.

You can Apply for Hard Money Loan or give us a call if you have any questions: 1-877-926-0024

Our Application Process:

Step 1: Complete Mortgage application form

Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.

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Step 2: Provide Needed Documentation & Information

Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.

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Step 3: Approval process

After completing the business loan request form and providing the necessary documentation, you will recieve offers for your loan. Accept an offer and get funded as fast as 1 to 3 weeks.

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

Joining Our Hard Money Loan Program 

  • Signed 1003 Real Estate Loan Application
  • Recent Mortgage Statement (*Not required if the investment property is owned free and clear)
  • 2 Years of Business and/or Personal Tax Returns
  • 4 months of Business and/or Personal Bank Statements
  • Copy of Credit Report
  • Rent Roll if several income producing units

Other Parameters

The first thing you’d need to get approved for an HML is to have at least 20% to 40% down payment, or substantial equity in the property. The higher the down payment or property equity you have, the more likely the lender will approve your loan. A hard money lender will also look at your credit score and cash reserves.

The lender examines your credit score and cash flow to assess if you can make payments on time and pay for other costs like taxes, insurance, etc. Last but not least, the lender will look at the borrower’s experience in real estate. If this is the first time that the borrower is going to flip a house, he or she is going to face more scrutiny from the lender than a borrower with years of experience in these types of deals.

Just answer these questions for a quick estimate:

  • Type of real estate (condo, townhouse, retail, warehouse, vacant land, etc.)
  • Property location (Address)
  • Current market value
  • Mortgage balance (if applicable)
  • Loan amount sought
  • Proposed use of funds

Borrower Parameters:

A borrower seeking a hard money loan must meet the following generally stated minimum requirements. Specific minimum requirements are set following our receipt of a loan application.

  • Preferred borrowers can be corporations, LLC’s, partnerships and trusts
  • Reasonable existing income
  • Reasonable cash reserves of about 10%
  • Reasonable net worth
  • Credit score – 620 or better (Some exceptions apply)
    Ability to perform exit strategy may be needed

Property Types Accepted

  • Residential: 1-4 unit non-owner occupied
  • Multifamily: 5+ Units
  • Mixed-use: Retail plus apartments
  • Office buildings
  • Retail
  • Self storage
  • Warehouse
  • We DO NOT finance owner occupied residential rehab projects

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

OTHER SERVICES

Merchant Cash Advance

Any business owner that needs capital right now can apply for a Merchant Cash Advance with CF Lending and get a lump sum upfront.

Business Line of Credit

With a Line of Credit (LOC) from CF Lending, your business can have access to the capital it needs at any time.

Small Business Loans

Whether you’ve been in business for years or are just starting out, running a successful company requires capital. Get the loan you need to grow.

Hard Money Fix & Flip Loans

Hard Money Loans For Real Estate Investors. Real estate investment loan programs – quick closings and competitive rates.

Equipment Leasing

Loans for New and Used Business Equipment financing helps you grow your business while preserving much-needed capital.

Commercial Real Estate

Secure financing for commercial properties, available in all 50 states, with terms ranging anywhere from 1 to 30 years.