Hard Money Loans

What are Hard Money Loans and who can benefit from them?

Hard Money Loans cater to real estate investors seeking quick financing, usually within 5-7 days to either purchase a property, refinance, cash out of an existing property or emergency money. When purchasing properties, listings often attract multiple offers, and those backed by Hard Money Loans often have an edge over conventional financing offers, given the rapid funding times and fewer complications. Investors in need of quick cash out utilizing the equity of an existing investment owned property, Hard Money Loans can provide quick access to untapped cash for unforeseen or unplanned investment opportunities. 

Sellers with experience recognize the efficiency of hard money loans over traditional bank loans which can be used for a variety of Residential Investment properties and Commercial properties, including office spaces, retail outlets, industrial sites, multifamily residences, healthcare facilities, and other specialized properties.  For investors interested in distressed properties like REOs, short sales, foreclosures, or properties in poor condition ineligible for conventional financing, Hard Money Loans are often the preferred choice. After renovating or upgrading these types of properties, it can be refinanced into a more permanent long-term loan with a more aggressive rate.