Quick highlights
- Close in 7-14 days typically
- Asset-based — not credit-driven
- Short terms (6-24 months)
- Higher rates, fees offset by speed
- Fix-and-flip programs available
- Bridge and construction options
Best for:
Real estate investors, fix-and-flip buyers, builders, and borrowers needing fast closes on opportunities that won't wait for conventional underwriting.
When does hard money make sense?
When speed matters more than rate: a hot off-market deal, an auction purchase, or a flip you'll refinance out of in 6 months. The math works when the deal's profit covers the higher cost of capital. For long-term holds, refinance to a conventional or DSCR loan when stabilized.
What are the rates and terms?
Expect rates in the 9-13% range, 1-3 origination points, and 6-24 month terms with interest-only payments. Loan-to-value typically caps at 65-75% of the as-is value or 65-70% of after-repair value (ARV) for renovation loans.
Ready to see what you qualify for?
Every situation is different. Let's talk through your specific scenario and shop it across our lender network for the best terms.